3. A firm announced that it will pay a $0.10 dividend per share to holders of record as of Wednesday, July 29, 2020. Holding all else constant, the stock price will be lower by $0.10 per share at the opening of trading on

1. A) Monday, July 27, 2020

2. B) Tuesday, July 28, 2020.

3. C) Wednesday, July 29, 2020.

4. D) Thursday, July 20, 2020

5. E) The stock price will not be lower on any of the above days.

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4. XYZ Inc. plans to sell an asset for $21,000. The asset was acquired 5 years ago for $50,000 and was depreciated using the straight-line method with an expected life of 5 years. If XYZs tax rate is 21%, then the taxes owed on the sale will be: :

A B C D E

5.

A B C D E

$2,000 $3,00 $4,100 $4,410 None of the above