On April 5, the board of directors of Capital City Golf Club declared a dividend of ($.75)
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On April 5, the board of directors of Capital City Golf Club declared a dividend of \($.75\) per share payable on Tuesday, May 4, to shareholders of record as of Tuesday, April 20.
Suppose you bought 350 shares of Capital City stock on April 6 for \($8.75\) a share. Assume there are no taxes, no transaction costs, and no news between your purchase and sale of the stock. If you were to sell your stocks on April 16, how much would you be able to sell your stock for?
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