Question
The price of a share of stock is $15.00 on Tuesday, November 14, 2017. The record date for a $0.50 dividend is Friday, November 17,
The price of a share of stock is $15.00 on Tuesday, November 14, 2017. The record date for a $0.50 dividend is Friday, November 17, 2017. If there are no taxes on dividends, what would you expect the price of a share to be on each day from November 14 through 17 if no other information relevant to the price of the shares becomes public? Share price November 14 $ November 15 $ November 16 $ November 17 $
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
11th Edition
0321357965, 978-0321357960
