ABC Corporation announced that it would pay a dividend to all shareholders of record as of Monday,

Question:

ABC Corporation announced that it would pay a dividend to all shareholders of record as of Monday, April 3, 2006. It takes three business days after a purchase for the new owners of a share of stock to be registered.

a. What was the date of the ex-dividend day?

b. When was the last day an investor could have purchased ABC stock and still received the dividend payment?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...

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