On January 2, Michigan Mining declared a $25-per-share quarterly dividend payable on March 9th to stockholders of record on February 9. What is the latest date by which you could purchase the stock and still get the recently declared dividend?

On January 2, Michigan Mining declared a $25-per-share quarterly dividend payable on March 9th to stockholders of record on February 9. What is the latest date by which you could purchase the stock and still get the recently declared dividend?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 14P

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Question

Briefly explain what is meant by "protective put."
On January 2, Michigan Mining declared a $25-per-share
quarterly dividend payable on March 9th to stockholders of
record on February 9. What is the latest date by which you
could purchase the stock and still get the recently declared
dividend?
February 5
O February 9
February 7
February 4

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