1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 12 18 19 20 > A Moving to another question will save this response. Question 15 of 22 > Question 15 4 points Save Answer Kate purchased 500 shares of Fast Deliveries stock on Wednesday, July 7. Ted purchased 100 shares of Fast Deliveries stock on Thursday, July 8. Fast Deliveries declared a dividend on June 20 to shareholders of record on July 12 and payable on August 1. Which one of the following statements concerning the dividend paid on August 1 is correct given this information? A Kate is entitled to the dividend but Ted is not OR Both Ted and Kate are entitled to the dividend. OcNeither Kate nor Ted is entitled to the dividend. Ted is entitled to the dividend but Kate is not O Both Ted and Kate are entitled to one-half of the dividend amount Moving to another question will save this response. > Hae W