QUESTION 12 Stock XYX is currently selling at $50 per share. They announce on July 1 that on August 15th they will pay a $2 per share dividend. Given that there are no taxes or other market imperfections, you expect the price to drop to $48 after the dividend is paid. The record date for the dividend will be August 3. If you buy the stock, it will settle the next day. If you buy on which of the following days do you expect to pay $50 per share? Remember to choose all that apply. July 2 August 1 August 2 August 3 August 4 August 14