The Board of Directors of DDT Inc

question 206

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:

Steamboat

A boat powered by steam engines, significant in the 19th century for transforming transportation, commerce, and navigation on rivers and lakes.

Clermont

The name of the first successful steamboat, developed by Robert Fulton in 1807, which significantly advanced riverine transportation.

Memphis Belle

A famous American B-17 bomber that successfully completed 25 missions over Europe during World War II.

Railroad Tracks

Parallel steel rails on which trains run, forming the fundamental infrastructure for railway transportation.