On January 2, Michigan Mining Declared a $25-Per-Share Quarterly Dividend

question 26

Multiple Choice

On January 2, Michigan Mining declared a $25-per-share quarterly dividend payable on March 9th to stockholders of record on February 9. What is the latest date by which you could purchase the stock and still get the recently declared dividend?

• A) February 5
• B) February 6
• C) February 7
• D) February 8

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Definitions:

Contributory Negligence

A legal doctrine where the plaintiff's own negligence partially caused or contributed to their harm, potentially reducing or barring their compensation.

Comparative Negligence

A legal doctrine that allocates damages based on the proportional fault of each party involved in an accident, allowing for partial financial recovery based on degree of fault.

Last Clear Chance

A doctrine in tort law that allows a plaintiff to recover damages even if they were partially at fault, if the defendant had the final opportunity to avoid the harm but failed to do so.

Strict Liability

A legal doctrine in tort law that makes a person or entity responsible for damages or harm caused, regardless of negligence or fault.