AFB CorpDeclared a $1

question 32

Multiple Choice

AFB Corp.Declared a $1.00 dividend on January 5^th,with an ex-dividend date of January 19^th,a record date of January 21^st,and a payment date of March 15^th.Doug purchased AFB stock on January 6^th.

• A)Doug will not receive the dividend because he purchased the stock after the declaration date.
• B)Doug will not receive the dividend because he purchased the stock prior to the record date.
• C)Doug will receive the dividend if he still sells his stock on January 20th because he owned the stock on the ex-dividend date.
• D)Doug will receive the dividend if he still owns the stock on January 21st,even if he sells the stock before the payment date.

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Definitions:

American System

An economic plan that played a prominent role in American policy during the first half of the 19th century, advocating for a strong banking system, protective tariffs, and internal improvements.

Alexander Hamilton

A founding father of the United States, first Secretary of the Treasury, and influential interpreter of the U.S. Constitution.

Economic Policies

Strategies and decisions taken by a government concerning the economic management of the country, including taxation, government budgets, money supply, interest rates, and labor markets.

Missouri Compromise

A series of agreements passed by Congress in 1820-21 to maintain the balance of power between slave states and free states.