The Ex-Dividend Date: ABC

question 11

Multiple Choice

The ex-dividend date: ABC. Co is currently trading at $37.00 per share. The company is paying a regular cash dividend of $0.40 per share and an extra dividend of $0.10 per share. Tomorrow is the ex-dividend day. The tax rate on dividends is 15 percent. Assuming there is no new information released about the company, how much do you expect the company's stock to trade for tomorrow?

• A) $36.43
• B) $36.50
• C) $36.58
• D) $37.00

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Definitions:

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Conditions or standards related to the ability to read and write, often set as criteria for accessing certain rights, positions, or opportunities.

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