If on January 3, 2014, a Company Declares a Dividend

question 27

True/False

If on January 3, 2014, a company declares a dividend of $1.50 per share, payable on January 31, 2014, to holders of record on January 17, then the price of the stock should drop by approximately $1.50 on January 15, which is the ex- dividend date.

---

Definitions:

Isotonic Exercises

Physical exercises in which the muscle length changes against a constant load, effectively enhancing muscle tone, strength, and endurance.

Isometric Contraction

A type of muscle contraction where the muscle exerts force without changing in length, often used in strength training.

Resistive Isometric

Exercise involving muscle contraction without joint movement, providing resistance against an immovable force.

Manual Lift

The act of lifting or moving a person or object using human strength, without mechanical assistance, often involving specific techniques to prevent injury.