Essentials of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
Essentials of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
9th Edition
ISBN: 9781259277214
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Bradford D Jordan Professor
Publisher: McGraw-Hill Education
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Chapter 14, Problem 9QP
Summary Introduction

To determine: The ex-dividend price.

Introduction:

A stock is declared as an ex-dividend stock when the company confirms the investor to get the dividend on the payment date. The date between the announcement date and payment date is the ex-dividend date. A stock, which trades on the ex-dividend date, is termed as a stock on ex-dividend.

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