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Company A declared a dividend of $0.10 a share on January 20thto holders of record on Tuesday, March 7th. The dividend is payable on May

Company A declared a dividend of $0.10 a share on January 20thto holders of record on Tuesday, March 7th. The dividend is payable on May 1st.

14. When will the stock price drop by $0.10?

15. If you purchased 100 shares of stock on February 20th, and sold 50 shares on March 3rd, how much dividend (in $) will you receive on May 1st?

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