Market Place Grocers declared a quarterly dividend on February 19 to record holders as of Friday, March 16. The dividend will be paid on Friday, March 30. Jessica sold 300 shares of this stock on March 13. Lucas purchased 100 shares of this stock on March 14. Who will receive the dividend payment on March 30?

A) Jessica only.

B) Lucas only.

C) Both Jessica and Lucas.

D) Neither Jessica nor Lucas.

E) Cannot be determined from the information provided.

The fraction of earnings a firm expects to pay out as dividends over the long-run is its:  

A) Target payout ratio.

B) Target capital structure.

C) Internal rate of return.

D) Required return on investment.

E) Target ROA.

Answer rating: 100% (QA)

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