ESSENTIALS CORPORATE FINANCE + CNCT A.
ESSENTIALS CORPORATE FINANCE + CNCT A.
9th Edition
ISBN: 9781259968723
Author: Ross
Publisher: MCG CUSTOM
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Chapter 14, Problem 1QP
Summary Introduction

To determine: The stock worth on the date of April 19.

Introduction:

The two dates before the record date is termed as ex-dividend date. The shareholder is entitled to dividend when he purchases the stocks on or before the ex-dividend date. The shareholder is not entitled to dividend when he purchases on or after the ex-dividend date. In this case, the seller gets the payments.

The stocks will get the ex-dividend position if the person gets the dividends from the company.

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