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

Problem 3 (8 marks) Benson's Bakery declared a dividend of $0.95

Problem 3 (8 marks) Benson's Bakery declared a dividend of $0.95 per share on Friday November 9 , payable on Friday December 2 to shareholders of record as of Monday November 26. Jack bought 500 shares of Benson's Bakery on Tuesday November 22. Anna sold 2,000 shares on Friday November 23. a) What is the ex-dividend date? (2 marks) b) Will Jack receive a dividend? If so, how much will he receive? Briefly explain. (3 marks) c) Will Anna receive a dividend? If so, how much will she receive? Briefly explain

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