Essentials of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
Essentials of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
9th Edition
ISBN: 9781259277214
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Bradford D Jordan Professor
Publisher: McGraw-Hill Education
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Chapter 14, Problem 4CTCR
Summary Introduction

To determine: The ex-dividend date.

Introduction:

The two dates before the record date is termed as ex-dividend date.

If a shareholder purchases the stocks on or before the ex-dividend date, then the shareholder is entitled to receive the dividend payment. If a shareholder purchases on or after the ex-dividend date, then the shareholder will not be entitled to the next dividend payment; rather the seller gets the payment.

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