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Wilson, Inc. is preparing to pay its quarterly dividend which will be $.80 a share this quarter. The stock closed at $39.40 a share today.

Wilson, Inc. is preparing to pay its quarterly dividend which will be $.80 a share this quarter. The stock closed at $39.40 a share today. If you ignore the tax on dividend income, then you should expect the stock to open at a price of ____ per share when it goes ex-dividend tomorrow, if all else remains constant. Select one: a. $38.57 b. $38.60 c. $38.67 d. $38.72 e. $39.40

Jumbo Foods would like to sell 3,000 shares of stock using a Dutch auction. The bids received are as follows:

Bidder Quantity Price
A 1,400 $34
B 600 $38
C 700 $39
D 1,100 $35
E 400 $36

What Quantity and Price will each Bidder receive?

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