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On Tuesday, 8 Dec the board of directors of Smart Ltd. declares a dividend of 75 cents per share. This dividend is payable on Wednesday,
On Tuesday, 8 Dec the board of directors of Smart Ltd. declares a dividend of 75 cents per share.
This dividend is payable on Wednesday, 17 Jan to shareholders of record as of Wednesday, 3 Jan.
Assume a western calendar.
When is the ex-dividend date?
If a shareholder buys stock before that date, does s/he gets the dividends on those shares? Explain.
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Handbook Of Consumer Finance Research
Authors: Jing J. Xiao
1st Edition
1441926046, 978-1441926043
