Danroy Inc

question 97

Multiple Choice

Danroy Inc. has announced a $7 dividend. If Danroy's last price while trading cum-dividend is $66, what should its first ex-dividend price be (assuming perfect capital markets) ?

• A) $59
• B) $66
• C) $73
• D) $80

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Definitions:

Organized Crime

Illegal activities conducted by organized groups, usually involving the distribution of unlawful goods and services.

Professional Robber

An individual who engages in theft or robbery as a primary occupation, often demonstrating skill, planning, and organization in executing crimes.

Too Much Risk

A situation where the level of danger or chance of failure is considered excessively high, potentially leading to undesired outcomes.

Shoplifters

Individuals who illegally take goods from a store without paying for them.