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kennahsalmons kennahsalmons
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3 years ago
On Thursday, February 7, Baretta Pistols Inc. declared a $0.75 per share dividend to be paid on Monday, April 15; the date of record will be Thursday, March 18. Baretta's stock closed $17.25 on the last cum-dividend date. What will the opening price be on the ex-dividend date? (Assume perfect markets.)

▸ $15.75

▸ $16.50

▸ $17.50

▸ $17.25

▸ $18.00
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
Authors:
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kiukiu
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3 years ago
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