1. ABC Corporation announced that it would pay a dividend to all shareholders of record as of...
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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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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292018409
3rd Global Edition
Authors: Berk, Peter DeMarzo, Jarrad Harford
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