In the early 1990s, the amount of time that elapsed between purchasing a stock and actually obtaining

Question:

In the early 1990s, the amount of time that elapsed between purchasing a stock and actually obtaining that stock was five business days. This period was known as the settlement period. The settlement period for stock purchases is now two business days. Describe what should have happened to the number of days between the ex-dividend date and the record date at the time of this change.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

Question Posted: