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Question - Cranes Construction declared a $5.00 per share dividend on 22 April 2022. The last date to trade was 28 April 2022 while the ex-dividend date is 02 May 2022. The record date is 06 May 2022 and dividend payment date is 09 May 2022.
A. All other things being equal, what do you expect to happen to the share price after the declaration of the dividend on 22 April 2022?
B. If the share was trade on 29 April 2022, who should receive the dividend declared on 22 April 2022?
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