DAS,IncDeclared a $0

question 141

Multiple Choice

DAS,Inc.declared a $0.50 per share dividend on June 1.The date of record is June 20th,the ex-dividend date is June 18th,and the payment date is June 31st.Andre owns a share of stock on June 1.Andre sells his share to Brett on June 19th,and Brett sells the share to LaMarcus on June 29th.Who will receive the dividend?

• A) Andre
• B) Brett
• C) LaMarcus
• D) no one, since the share was not owned consistently by one person over the period

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Definitions:

Debt Financing

The process of raising capital through the sale of bonds, bills, or notes to individuals or institutions.

Income Tax Advantage

Refers to financial strategies or decisions made to minimize tax liabilities and maximize after-tax income.

Leverage

Utilizing borrowed funds to increase the potential return on investment, which can also amplify the potential for loss.

Interest Payments

Money paid by a borrower to a lender for the use of borrowed funds, typically calculated as a percentage of the principal sum.