3. Dividend chronology [LO 17.1] On Tuesday 5 December, Hometown Power Company's board of directors declares a
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3. Dividend chronology [LO 17.1] On Tuesday 5 December, Hometown Power Company's board of directors declares a dividend of 75 cents per share payable on Wednesday 17 January, to shareholders of record as of Wednesday 3 January. When is the ex-dividend date? If a shareholder buys shares before that date, who gets the dividends on those shares, the buyer or the seller?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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