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= Homework: Chapt... HW Score: 48%, 7.2 of 15 points Points: 0.2 of 1 Stock price around dividend. Atlantis Manufacturing, Inc. issues the following press
= Homework: Chapt... HW Score: 48%, 7.2 of 15 points Points: 0.2 of 1 Stock price around dividend. Atlantis Manufacturing, Inc. issues the following press release: "Atlantis Manufacturing will pay a quarterly di share to record holders as of the 18th of this month on the 30th of this month." The company made this announcement on September 4, 2014 settlement for stock transactions. Determine what the stock price of Atlantis Manufacturing will be after the cash dividend announcement in a Assume the current price is $46.14 per share and the price does not change between September 4, 2014 and September 30, 2014 other than On what day does the price change? What is the cost to a buyer after the announcement? What is the sales revenue to a seller after the ann On what day does the price change? (Select the best response.) A. The price will be reduced by the amount of the dividend on September 30, 2014, the payment date. OB. The price will be reduced by the amount of the dividend on September 18, 2014, the record date. 'C. The price will be reduced by the amount of the dividend on September 16, 2014, the ex-dividend date. OD. The price will be reduced by the amount of the dividend on September 4, 2014, the declaration date. What is the net cost to a buyer before the ex-date? (Round to the nearest cent.)
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