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:

Units Sold

Refers to the total quantity of products that have been sold within a specific time period.

Sales Objective

A goal or target set by a business or sales team to achieve within a specific period, often quantified by sales volume or revenue.

Output-Related

Describes any aspect or metric that is directly tied to the production or results of a process or system.

Input-Related

Pertaining to or involving the resources, data, or materials that are used to produce an output or result.