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An investment dealer borrows shares from Diana's account. Then, the shares are sold short, and held by Michele, as the short-seller. While this short position
An investment dealer borrows shares from Diana's account. Then, the shares are sold short, and held by Michele, as the short-seller. While this short position is open, the company declares a $0.50 / share dividend. How much dividend income will Diana and Michele each see on a per share basis?
A) Diana will receive $0.50 and Michele will receive nothing
B) Diana will receive $0.25 and Michele will receive $0.25
C) Diana will receive nothing and Michele will receive $0.50
D) Diana will receive $0.50 and Michele will receive $0.50
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