CBA declares a $0.5 share dividend on 10 million shares on 5 April to shareholders at the
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Question:
CBA declares a $0.5 share dividend on 10 million shares on 5 April to shareholders at the 15 April and paid on 30 April. Nelson buys 0.5 million shares on 7 April, another 0.5 million shares on 17 April, and a further 1 million shares on 5 May. How much does Nelson receive as a dividend?
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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