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Use online resources to work on this chapter's questions. Please note that website information changes over time, and these changes may limit your ability to answer some of these questions. In this chapter's opening vignette, we discussed Apple's decision to establish a dividend payout policy in 2012 and its subsequent decisions to increase quarterly dividends and raise its repurchase program to $175 billion. Let's find out what has happened to Apple's (AAPL) dividend policy since the time of its original announcement. We can address this issue by relying on data provided on internet financial websites such as Yahoo! Finance, Morningstar.com, Google Finance, and MSN Money (www.msn.com/en-us/money/markets). You will have to use a combination of these sites to answer these questions. 4. Identify the dividend declared date, the ex-dividend date, the holder-of-record date, and the dividend payment date. From the ex-dividend date and industry convention, you should be able to determine the holder- of-record date. Explain the significance of those dates. Now, go to the interactive price chart on the website. Can you observe price shifts around these dates? Explain what price shifts you might expect to see.

BuyFind

Fundamentals of Financial Manageme...

15th Edition
Eugene F. Brigham + 1 other
Publisher: Cengage Learning
ISBN: 9781337395250
BuyFind

Fundamentals of Financial Manageme...

15th Edition
Eugene F. Brigham + 1 other
Publisher: Cengage Learning
ISBN: 9781337395250

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Chapter
Section
Chapter 15, Problem 4TCL
Textbook Problem

Use online resources to work on this chapter's questions. Please note that website information changes over time, and these changes may limit your ability to answer some of these questions.

In this chapter's opening vignette, we discussed Apple's decision to establish a dividend payout policy in 2012 and its subsequent decisions to increase quarterly dividends and raise its repurchase program to $175 billion. Let's find out what has happened to Apple's (AAPL) dividend policy since the time of its original announcement. We can address this issue by relying on data provided on internet financial websites such as Yahoo! Finance, Morningstar.com, Google Finance, and MSN Money (www.msn.com/en-us/money/markets). You will have to use a combination of these sites to answer these questions.

4. Identify the dividend declared date, the ex-dividend date, the holder-of-record date, and the dividend payment date. From the ex-dividend date and industry convention, you should be able to determine the holder- of-record date. Explain the significance of those dates. Now, go to the interactive price chart on the website. Can you observe price shifts around these dates? Explain what price shifts you might expect to see.

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Chapter 15 Solutions

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