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:

Recessive Gene

A gene that must be present in two copies (one from each parent) to express a particular trait, overshadowed when a dominant gene is present.

X Chromosome

One of the two sex chromosomes, X and Y, responsible for determining genetic traits, including the genetic basis of sex determination, with females typically having two X chromosomes.

Chromosome

A long string of DNA found in cells, containing many genes, and responsible for hereditary characteristics.

Chemical Reactions

Processes that involve the rearrangement of molecular or ionic structure of substances, resulting in the creation of one or more new substances.