1. ABC Corporation announced that it would pay a dividend to all shareholders of record as of...

Question:

1. ABC Corporation announced that it would pay a dividend to all shareholders of record as of Monday, April 5, 2010. It takes three business days after a purchase for the new owners of a share of stock to be registered.

a. What was the date of the ex-dividend day?

b. When was the last day an investor could have purchased ABC stock and still received the dividend payment?

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