Please explain in as much detail as possible, I'm trying to study for the final and want to understand these questions. Thank you so much

5. Davidson Interiors declared a dividend to holders of record on Thursday, October 15, that is payable on Monday, November 2. Sue purchased 200 shares of Davidson Interiors stock on Tuesday, October 13, and Jake purchased 100 shares of this stock on the following day. Which one of the following statements is correct? Use SEC regulation effective in September 2017. (Note: Identify the two dates first: ex-dividend date and the last day to purchase stocks with dividend.) A) Jake will receive the dividend but Sue will not. B) Neither Sue nor Jake will receive this dividend. C) Both Sue and Jake will receive this dividend. D) Sue will receive the dividend but Jake will not