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Problem 1 (4 marks) On Wednesday, June 22, 2022, Darjilling Corporation's board of directors declared a dividend of 75 cents per share payable on Friday,
Problem 1 (4 marks) On Wednesday, June 22, 2022, Darjilling Corporation's board of directors declared a dividend of 75 cents per share payable on Friday, July 22, 2022, to shareholders of record as of Monday, July 11, 2022 a) When is the ex-dividend date? (1 mark) b) If an individual buys stock before that date (date in part a), who gets the dividends on those shares, the buyer or the seller? (1 mark) c) If an individual buys stock on that date, (date in part a), who gets the dividends on those shares, the buyer or the seller? (1 mark) d) If an individual buys stock after that date, (date in part a), who gets the dividends on those shares, the buyer or the seller? (1 mark)
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