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

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Definitions:

Rite of Passage

Ceremonial events or rituals that mark an individual's transition from one status to another within a society, such as from childhood to adulthood, marriage, or death.

Period of Isolation

A duration during which an individual or group is separated from others, either physically or socially.

Transition

The process or a period of changing from one state or condition to another.

Rites of Passage

Ceremonies or rituals marking important transitional periods in a person's life, such as birth, puberty, marriage, and death, often signifying a change in social status.