Mary Young intends to take a position in Megasoft Industries once Megasoft begins paying dividends. A dividend

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Mary Young intends to take a position in Megasoft Industries once Megasoft begins paying dividends. A dividend of C\($4\) is payable by Megasoft on 2 December. The ex-dividend date for the dividend is 10 November, and the holder-of-record date is 12 November. What is the last possible date for Young to purchase her shares if she wants to receive the dividend?

A. 9 November.

B. 10 November.

C. 12 November.

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Corporate Finance A Practical Approach

ISBN: 9781118217290

2nd Edition

Authors: Michelle R Clayman, Martin S Fridson, George H Troughton, Matthew Scanlan

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