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LOS f: Review dividend payment chronology including declaration, holder-of-record, ex-dividend, and payment dates and indicate when the share price will most likely reflect the dividend.
Q1. What is the earliest day on which an investor can currently purchase Amex, Inc., if the investor wants to avoid receiving a dividend and thereby avoid paying tax on the distribution, if the date of record is Thursday, October 31?
A) Monday, October 28.
B) Thursday, October 24.
C) Tuesday, October 29.
Q2. The cut-off date for receiving the dividend is known as the:
A) holder of record date.
B) ex-dividend date.
C) date of payment.
Q3. Alumi Co. pays a dividend. Which of the following events is least likely to cause its stock price to fall? Alumi Co.:
A) increases its debt to 75% of capital to maximize the level of earnings per share.
B) issues more common stock.
C) pays its quarterly dividend.
Q4. Shareholders selling shares between the ex-dividend date and date of record:
A) forfeit the dividend, with the proceeds staying with the company.
B) receive the dividend.
C) forfeit the dividend, with the proceeds going to the buyer.
Q5. Which of the following shows the key dividend dates in their proper sequence?
A) Declaration date, ex-dividend date, holder-of-record date, payment date.
B) Declaration date, holder-of-record date, ex-dividend date, payment date.
C) Ex-dividend date, holder-of-record date, declaration date, payment date. | 
发表于 2009-3-4 14:34
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