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At 9 am on January 2nd, your firms stock is trading at $65 per share. At noon, the firm announces a dividend of 50 cents

At 9 am on January 2nd, your firms stock is trading at $65 per share. At noon, the firm announces a dividend of 50 cents per share, which is in line with analysts expectations. Assuming that markets are perfect and rational, and assuming a 0% average market return over this time period, then the price on the close of the day after dividends are paid (February 28th) is $64.50. What is the stock price at open and close on each of the following dates in between? This is asking for 14 answers. They are worth 1 point each, and picking the correct place of the change is worth another point. (hint this is not a valuation question. It is also not a trick question) image text in transcribed

\begin{tabular}{|l|l|l|} \hline Date & Open & \\ \hline January 2 nd Open & $65.00 & Close \\ \hline February 1 & & \\ \hline February 2 (Ex Dividend Date) & & \\ \hline February 3 & & \\ \hline February 4 (Record Date) & & \\ \hline & & \\ \hline February 26 & & \\ \hline February 27 (Payment Date) & & $64.50 \\ \hline February 28 & & \\ \hline \end{tabular}

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