The price of a share of stock is $15.00 on November 8, 2011. The record date for

Question:

The price of a share of stock is $15.00 on November 8, 2011. The record date for a $0.50 is November 11, 2011. If there are no taxes on dividends, what would you expect the price of a share to be on each day from November 8 through 11 if no other information relevant to the price of the shares becomes public.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...