CDE Corporation Declared a $2 Per Share Dividend on October

question 98

Multiple Choice

CDE Corporation declared a $2 per share dividend on October 1.The date of record is October 20^th,the ex-dividend date is October 18^th,and the payment date is October 31^st.Joe owns a share of stock on October 1.Joe sells his share to Mary on October 18^th,Mary sells the share to Tom on October 20^th,and Tom sells the share to William on October 30^th.Who will receive the dividend?

• A) Joe
• B) Mary
• C) Tom
• D) William

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