Question
Cheryl holds 3,000 shares in CBC, a firm with a stock price of $30. CBC has announced a dividend of $0.50 per share and will
Cheryl holds 3,000 shares in CBC, a firm with a stock price of $30. CBC has announced a dividend of $0.50 per share and will go ex-dividend tomorrow. Cheryl doesnt need cash and so shed prefer not to have any divided. Which of the following actions would you suggest for Cheryl at the moment the stock goes ex-dividend? Assume perfect markets.
| a. | Buy 100.000 shares of the firm | |
| b. | Buy 50.847 shares of the firm | |
| c. | Buy 76.457 shares of the firm | |
| d. | Sell 100.000 shares of the firm | |
| e. | Buy 150.257 shares of the firm |
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The Practical Guide To Wall Street Equities And Derivatives
Authors: Matthew Tagliani
1st Edition
0470383720, 978-0470383728
