When must you buy the stock to receive this dividend

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Reference no: EM131814621

Assume you plan to purchase the stock of a company that is expected to pay a quarterly dividend of $3.20. The board of directors has declared the dividend payable on September 1, with a holder-of-record date of Friday, August 15. When must you buy the stock to receive this dividend, and how much will you receive if you buy 150 shares?

Reference no: EM131814621

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