DAS,IncDeclared a $0

question 144

Multiple Choice

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

Current Value

The present monetary or market worth of an asset or investment.

Interest Rate

The cost of borrowing money, expressed as a percentage of the total amount loaned, paid by borrowers to lenders.

Present Value

The contemporary valuation of an anticipated sum of money or cash flow sequence, based on a given return rate.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.