Your Portfolio Is 700 Shares of Conglomerated International That Currently

question 22

Multiple Choice

Your portfolio is 700 shares of Conglomerated International that currently sells for $26.50 a share.The company has announced a cash dividend of $0.45 per share with an ex-dividend date of tomorrow.Assume there are no taxes.What should you expect your portfolio value to be tomorrow morning assuming all else is held constant?

• A)$16,236
• B)$16,500
• C)$16,646
• D)$16,764
• E)$16,830

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