Question: Rand Corporation declared dividends payable on Oclober 1 2 to shareholders of record on September 2 0 . An investor purchased 1 0 0 shares

Rand Corporation declared dividends payable on Oclober 12 to shareholders of record on September 20. An investor purchased 100 shares of Rand Corp on September 19 If all these dates are business days, which is CORRECT?
The investor is NOT entilied to the dividends since the trade occured on the ex-dividend date
The investor is entitied to the dividends since they purchased the stock within the cum rights period
The investor is NOT entitled to the dividends since they purcharsed the stock atler the divibends were Geclared
The investor is entitied to the dividends since they purchased the stock before the ex-dividend date
Rand Corporation declared dividends payable on

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