Marian Hobby Store pays a dividend of $0.35 per share per quarter. The next dividend will be
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Question:
Marian Hobby Store pays a dividend of $0.35 per share per quarter. The next dividend will be paid to shareholders of record on Friday, December 20, 2013. The company has 3 million shares outstanding, and its stock price was $15 the day prior to the ex-dividend date. There is $75 million in retained earnings before the dividend and $8 million in cash.
a. What is the ex-dividend date?
b. What is the stock price on the ex-dividend date?
c. How are the cash, retained earnings and total assets affected?
Related Book For
Applied Equity Analysis and Portfolio Management Tools to Analyze and Manage Your Stock Portfolio
ISBN: 978-1118630914
1st edition
Authors: Robert A.Weigand
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