Question
RFC Corp. has announced a $2.17 dividend. If RFC's price last price cum-dividend is $23.74, what should its first ex-dividend price be (assuming perfect capital
RFC Corp. has announced a $2.17 dividend. If RFC's price last price cum-dividend is $23.74, what should its first ex-dividend price be (assuming perfect capital markets)?
RFC's first ex-dividend price should be $________(Round to two decimal places.)
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Financial Accounting
Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie
9th Edition
1118608208, 978-1118608203
