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Chapter 17, Problem 2P

ABC Corporation announced that it will pay a dividend to all shareholders of record as of Monday, April 2, 2012. It takes three business days of a purchase for the new owners of a share of stock to be registered.

  1. a. When is the last day an investor can purchase ABC stock and still get the dividend payment?
  2. b. When is the ex-dividend day?
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Chapter 17 Solutions

Corporate Finance Plus MyLab Finance with Pearson eText -- Access Card Package (4th Edition) (Berk, DeMarzo & Harford, The Corporate Finance Series)

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