1.

Billingsley United declared a $0.20 a share dividend on Thursday, October 16. The dividend will be paid on Monday, November 10 to shareholders of record on Friday, October 31.

Which one of the following is the ex-dividend date?

• Tuesday, October 28

• Wednesday, October 29

• Thursday, October 30

• Wednesday, November 5

• Thursday, November 6

2.

Billingsley United declared a $0.20 a share dividend on Thursday, October 16. The dividend will be paid on Monday, November 10 to shareholders of record on Friday, October 31.

Which one of the following is the last day an investor can purchase a share of stock and be eligible to receive the dividend?

• Tuesday, October 28

• Wednesday, October 29

• Thursday, October 30

• Wednesday, November 5

• Thursday, November 6

3.

Kate purchased 500 shares of Fast Deliveries stock on Thursday, July 7^th. Ted purchased 100 shares of Fast Deliveries stock on Friday, July 8^th. Fast Deliveries declared a dividend on June 20^th to shareholders of record on July 11^th and payable on August 1^st. Which one of the following statements concerning the dividend paid on August 1^st is correct given this information?

• Neither Kate nor Ted is entitled to the dividend.

• Kate is entitled to the dividend but Ted is not.

• Ted is entitled to the dividend but Kate is not.

• Both Ted and Kate are entitled to the dividend.

• Both Ted and Kate are entitled to one-half of the dividend amount.