Solutions to Chapter 1

b. Nothing special should happen when the checks are sent out. The claim to the dividend is determined by who owns the shares at the ex-dividend moment. By the payment date, stock prices already reflect any impact of the dividend. 13. a. 1,000 ( 1.25 = 1,250 shares. Price per share will fall to: $100/1.25 = $40 ................
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