$0\mathrm{.}14=r_E(0\mathrm{.}71)(0\mathrm{.}07)(0\mathrm{.}29)$A $I dividend declared on August $23$rd has a date of record of September $16$ th and will be paid on October $27$th$.$ Assume all days are business days for this question.

a$)$ What is the ex$-$dividend date?

b$)$ Will a shareholder who purchases the stock on September $14$ th receive the dividend? What about September I$5$th$?$