Howard immediately after the stock goes ex-dividend

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Reference no: EM131949701

Howard holds 3,000 shares in Bean, a firm with a stock price of $30. Bean has announced a dividend of $1.50 per share that will go ex-dividend tomorrow. Howard doesn’t need cash and so he’d prefer not to have any dividend. Which of the following is closest to the action would you suggest for Howard immediately after the stock goes ex-dividend? Assume perfect markets. a. Buy 272.73 shares of Bean b. Buy 163.64 shares of Bean c. Buy 36,000 shares of Bean d. Sell 36,000 shares of Bean e. Buy 157.90 shares of Bean.

Reference no: EM131949701

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