14-2 Dividend payment:
Kathy Snow wishes to purchase shares of Countdown Computing, Inc. The company’s board of directors has declared a cash dividend of $0.80 to be paid to holders of record on Wednesday, May 12.
d. If Kathy held the stock for less than one quarter and then sold it for $39 per share, would she achieve a higher investment return by (1) buying the stock prior to the ex dividend date at $35 per share and collecting the $0.80 dividend, or (2) buying it on the ex dividend date at $34.20 per share but not receiving the dividend?
This question was answered on: May 23, 2022
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