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borteleto borteleto
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5 years ago
DAS, Inc. declared a $0.50 per share dividend on June 1. The date of record is June 20th, the ex-dividend date is June 18th, and the payment date is June 31st. Andre owns a share of stock on June 1. Andre sells his share to Brett on June 19th, and Brett sells the share to LaMarcus on June 29th. Who will receive the dividend?
A) Andre
B) Brett
C) LaMarcus
D) no one, since the share was not owned consistently by one person over the period
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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DeanaRayDeanaRay
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borteleto Author
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5 years ago
Above and beyond my expectations for this site
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