A company has announced a cash dividend. Which of the following is true?\ The stock price is not adjusted.\ The stock price is lowered by the dividend amount when the dividend is declared by the Board of Directors.\ If you own the stock on the day before the X-Dividend date, then you are entitled to receive the entire cash dividend.\ The stock price is lowered by the dividend amount on day before the X-Divdend date.\ None of these statements are true.

A company has announced a cash dividend. Which of the following is true? The stock price is not adjusted. The stock price is lowered by the dividend amount when the dividend is declared by the Board of Directors. If you own the stock on the day before the X-Dividend date, then you are entitled to receive the entire cash dividend. The stock price is lowered by the dividend amount on day before the X-Divdend date. None of these statements are true