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The board of directors of ABC Inc. declared a dividend of $0.75 per share payable on Monday, January 28 to shareholders of record as of
The board of directors of ABC Inc. declared a dividend of $0.75 per share payable on Monday, January 28 to shareholders of record as of Monday, January 14. You owned 500 shares of ABC on Wednesday, January 9 when the price was $7.50 per share. Assuming no taxes and perfect markets, if you sell your 500 shares of ABC on Friday, January 11, how much in total will you receive from the sale, all else the same?
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