The Board of Directors of DDT Inc

question 326

Multiple Choice

The board of directors of DDT Inc. declared a dividend of $0.75 per share payable on Monday, January 28 to shareholders of record as of Monday, January 14. You owned 500 shares of DDT on Wednesday, January 9 when the price was $7.50 per share. Under TSX rules and assuming no taxes and perfect markets, if you sell your 500 shares of DDT on Friday, January 11, what price will you receive, all else the same?

• A) $3,000
• B) $3,375
• C) $3,500
• D) $3,750
• E) $4,250