You own 110 shares of stock in Halestorm, Incorporated, that currently sells for $81.40 per share. The company has announced a dividend of $2.70 per share with an ex-dividend date of February 4. Assuming no taxes, what is the value of the stock on February 4?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter9: Acquisitions Of Property
Section: Chapter Questions
Problem 80IIP
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You own 110 shares of stock in Halestorm, Incorporated, that currently sells for $81.40 per share. The company has announced a dividend of $2.70 per share with an ex-dividend date of February 4. Assuming no taxes, what is the value of the stock on February 4?

 

 
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