Shares of Convoy West, Inc are trading for $55 45 on the day before the ex dividend date If the quarterly dividend is $0 16 per share and there are no taxes, how will the share price change on the ex dividend date ...

Since there are no taxes the value of the shares ...

Shares of Convoy West, Inc. are trading for $55.45 on the day before the ex-dividend date. If

Question:

Shares of Convoy West, Inc. are trading for $55.45 on the day before the ex-dividend date. If the quarterly is $0.16 per share and there are no taxes, how will the share price change on the ex-dividend date?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...