Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If on October 15, 2021, a company declared a dividend of $2.00 per share, payable on November 15, 2021, to holders of record on November
If on October 15, 2021, a company declared a dividend of $2.00 per share, payable on November 15, 2021, to holders of record on November 10th, then would it have made sense for the price of the stock to have dropped by more than $2.00 on November 8 (the ex-dividend date) as a result of the declared dividend?
YES NO
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started