Declared a dividend to holders of record

Assignment Help Financial Management
Reference no: EM131532913

Which of the following statements is true? a. The ABC Co. declared a dividend to holders of record on Friday, October 12, which is payable on Friday, October 26. Gilbert purchased 100 shares of ABC Co. stock on Tuesday, October 9. Gilbert is entitled to 25% of the October 26 dividend on the 100 shares. b. If Tuesday, May 11, is the ex-dividend date on ADL, Inc., stock, then Thursday, May 13 is the record date. c. XYZ declared a dividend of $.80 a share. The ex-dividend date is tomorrow. All else constant, you would expect the opening price tomorrow morning to be higher by an amount approximately equal to the after-tax value of the dividend. d. Winsome and Losesome declared a dividend to shareholders of record on Monday, February 10, which is payable on Wednesday, February 25. Julie knows that once her dividend check is mailed that it takes two business days for the check to arrive in her mailbox. Julie should expect to receive her dividend check on February 12.

Reference no: EM131532913

Questions Cloud

Prepare journal entries to record each sales transactions : Refer to QS 5-4 and prepare journal entries to record each of the merchandising transactions assuming that the periodic inventory system is used.
How long will it take for sum to double and to triple : how long will it take for a sum to double? To triple?
Effects on the level of consumer spending : A literature review about consumer behavior and its effects on the level of consumer spending. (10 academic articles)
Point-and-click system : Creating a navigation system or menu allows Access to act like a point-and-click system.
Declared a dividend to holders of record : The ABC Co. declared a dividend to holders of record on Friday, October 12, which is payable on Friday, October 26.
Evaluate single-step income statement : Income statement information for adidas Group, a German footwear, apparel, and accessories manufacturer, for the year ended December 31, 2009, follows.
Validation methods important : Why is explaining your data collection, analysis, and validation methods important? How should this be done?
Assume new machine will have no salvage value : What is the equivalent annual savings from the purchase if Gluon uses straight-line depreciation? Assume the new machine will have no salvage value.
Supply chain metric management : Discuss the importance of metrics in a supply chain operation. What metrics are used? What do they measure?

Reviews

Write a Review

Financial Management Questions & Answers

  Determine amounts of non operating assets-financial claims

Determine the amounts of non operating assets and financial claims related to the retiree health and life benefits plans and pension plans that would be included in a valuation of GE.

  What is expected rate of return on the stock

Pioneer’s preferred stock is selling for $33 in the market and pays a $3.60 annual dividend. What is the expected rate of return on the stock?

  Abercrombie fitch has inventory levels thousand at end

Abercrombie & Fitch has inventory levels of $385,857 thousand and $310,645 thousand at the end of fiscal-year ending 2011 and 2010 respectively. Cost of goods sold for 2011 is $1,256,596 thousand. Calculate the inventory turnover ratio and the avera..

  What initial position in 9 month silver futures is necessary

What initial position in 9-month silver futures is necessary for delta hedging? - If silver itself is used, what is the initial position?

  Distinguish between unsystematic and systematic risk

Distinguish between unsystematic and systematic risk. Could be have investments that could assume a zero risk? Which investment and why?

  Concerning the beta of the market portfolio

Which statement is MOST CORRECT concerning the Beta of the Market Portfolio (BM )? BM is 1.0 if CAPM holds, since the Security Market Line equation implies algebraically that in an efficient market BM = 1

  What was average annual return for stock

what was the average annual return for stock A over this four year period?

  What is the yield to maturity of this bond

A Japanese company has a bond outstanding that sells for 94 percent of its ¥100,000 par value. The bond has a coupon rate of 6.10 percent paid annually and matures in 17 years. What is the yield to maturity of this bond?

  Prepare new contribution format income statement

Miller Company’s most recent contribution format income statement is shown below: Total Per Unit Sales (33,000 units) $198,000 $6.00 Variable expenses 99,000 3.00 Contribution margin 99,000 $3.00 Fixed expenses 44,000 Net operating income $ 55,000. P..

  What will a share of stock sell for today

Storico Co. just paid a dividend of $1.70 per share. The company will increase its dividend by 20 percent next year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent divid..

  Pnc as a typical large depository institution

Using PNC as a typical large depository institution, which balance sheet accounts would be affected by the following transactions? Indicate at least two accounts with each transaction. a. Arturo Rojas opens a money market deposit account with $ 5,000..

  Determine the annualized loan rate for libors

Determine the annualized loan rate for LIBORs of 6.5 percent and 12.5 percent. Assume the payoff is based on 90 days and a 360-day year. The current LIBOR is 9.5 percent.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd