Question: Problem 3 (8 marks): Bensons Bakery declared a dividend of $0.95 per share on Friday November 9, payable on Friday December 2 to shareholders of

Problem 3 (8 marks): Bensons Bakery declared a dividend of $0.95 per share on Friday November 9, payable on Friday December 2 to shareholders of record as of MondayNovember 26. Jack bought 500 shares of Bensons Bakery on Thursday November 22. Anna sold 2,000 shares on Friday November 23.

What is the ex-dividend date? (2 marks)

Will Jack receive a dividend? If so, how much will he receive? Briefly explain. (3 marks)

Will Anna receive a dividend? If so, how much will she receive? Briefly explain. (3 marks)

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