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Problem 5 ( 8 marks ) Benson s Bakery declared a dividend of $ 0 . 9 5 per share on Friday November 9 ,
Problem marks Bensons Bakery declared a dividend of $ per share on Friday
November payable on Friday December to shareholders of record as of Monday November
Jack bought shares of Bensons Bakery on Thursday November Anna sold
shares on Friday November
a What is the exdividend date? marks
b Will Jack receive a dividend? If so how much will he receive? Briefly explain.
marks
c Will Anna receive a dividend? If so how much will she receive? Briefly explain.
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