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John purchases 100 shares on August 14th with a settlement date of August 16th. The shares recently declared a dividend payable to shareholders of record
John purchases 100 shares on August 14th with a settlement date of August 16th. The shares recently declared a dividend payable to shareholders of record as of August 15th. John will pay nothing for the dividend because he was not the shareholder of record on August 15th. True False
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