The Ex-Dividend Date: You Own 10,000 Shares of Harbourside Co

question 22

Multiple Choice

The ex-dividend date: You own 10,000 shares of Harbourside Co which is currently trading for $11.50 per share. The company has announced that it will soon pay a special dividend of $1.50 per share. Tomorrow is the ex-dividend day. Ignoring tax, what do you expect your block of shares will be worth tomorrow?

• A) $15,000
• B) $100,000
• C) $115,000
• D) $130,000

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