Davidson Interiors declared a dividend to holders of record on Thursday, October 15, that is payable on Monday, November 2. Suenette purchased 200 shares of Davidson Interiors stock on Monday, October 12, and Jake purchased 100 shares of this stock on the following day. Which one of the following statements is correct given this information?

1. Neither Suenette nor Jake will receive this dividend.

2. Suenette will receive the dividend but

3. Jake will not. Jake will receive the dividend but Suenette will not.

4. You cannot determine who will or will not receive this dividend based on the information provided.

5. Both Suenette and Jake will receive this dividend.

Answer rating: 100% (QA)

To receive the dividendshares should be purchased befoe the ... View the full answer