ABC Corporation announced that it will pay a dividend to all shareholders of record as of Monday,
Question:
ABC Corporation announced that it will pay a dividend to all shareholders of record as of Monday, April 2, 2012. It takes three business days of a purchase for the new owners of a share of stock to be registered.
a. When is the last day an investor can purchase ABC stock and still get the dividend payment?
b. When is the ex-dividend day?
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a Last day to purchase for dividend payment The last day an investor can purchase ABC stock a...View the full answer
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Related Book For 
Corporate Finance The Core
ISBN: 9781292158334
4th Global Edition
Authors: Jonathan Berk, Peter DeMarzo
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