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18. On June 15, 20X1, the board of directors of the Harford Company declared a dividend outstanding common stock of $1.25 per share payable on

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18. On June 15, 20X1, the board of directors of the Harford Company declared a dividend outstanding common stock of $1.25 per share payable on July 31, 20x1, to stock- holders of record on July 11, 20X1. Under which of the following situations would you be entitled to the dividend declared by the Harford Company? 1 on ) You purchased Harford's stock on July 9 and sold it on August 1. 2) You purchased Harford's stock on July 1 and sold it on July 20. 3) You purchased Harford's stock on July 1 and sold it on August 5. 4) You purchased Harford's stock on July 9 and sold it on July 20. You would be entitled to the dividend in A. situation 3. B. situations 2 and 3 C. situations 1, 2, and 3. D. situations 1 and 3

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