A T&T based US subsidiary will announce a $1.50 per share cash dividend on June 1, 2022. It is noted that June 16 and 20 are local holidays because of Corpus Christi and Labor Day respectively. If June 22 is the date-of-record, what would have been the ex-dividend date? What would be the ex-dividend stock price if the price before the ex-dividend date is $18 per share?

A T&T based US subsidiary will announce a $1.50 per share cash dividend on June 1, 2022. It is noted that June 16 and 20 are local holidays because of Corpus Christi and Labor Day respectively. If June 22 is the date-of-record, what would have been the ex-dividend date? What would be the ex-dividend stock price if the price before the ex-dividend date is $18 per share?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 3P

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