RFC Corp. has announced a $1 dividend. If RFCs last price while trading cum-dividend is $50, what

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RFC Corp. has announced a $1 dividend. If RFC’s last price while trading cum-dividend is $50, what should its first ex-dividend price be (assuming perfect capital markets)?

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Fundamentals of Corporate Finance

ISBN: 978-0132148238

2nd edition

Authors: Berk, DeMarzo, Harford

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Question Posted: Jan 14, 2012 02:04 AM

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RFC Corp. has announced a $1 dividend. If RFCs last price while trading cum-dividend is $50, what

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Fundamentals of Corporate Finance

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