If on January 3, 2011, a Company Declares a Dividend

question 27

True/False

If on January 3, 2011, a company declares a dividend of $1.50 per share, payable on January 31, 2011, then the price of the stock should drop by approximate $1.50 on January 31.

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Definitions:

Tooth Sockets

The cavities in the jawbone in which the roots of teeth are anchored.

Maxillae

are the paired upper jawbones in most vertebrates, playing key roles in the structures of the mouth and face.

Mandible

The lower jawbone in vertebrates, serving as the major component in the mechanism of chewing.

Zygomatic

Pertaining to the zygomatic bone, which is a bone on the side of the skull that forms the prominence of the cheek and part of the eye socket.