Author Question: DAS, Inc declared a 0.50 per share dividend on June 1. The date of record is June 20th, the ... (Read 39 times)

storky111 · **on:** Jul 10, 2018

DAS, Inc declared a 0.50 per share dividend on June 1. The date of record is June 20th, the
ex-dividend date is June 18th, and the payment date is June 31st. Andre owns a share of stock on
June 1.

Andre sells his share to Brett on June 19th, and Brett sells the share to LaMarcus on June
29th. Who will receive the dividend?
A) Brett
B) LaMarcus
C) Andre
D) no one, since the share was not owned consistently by one person over the period

Question 2

What type of loan requires both principal and interest payments as you go by making equal payments each period?

A) Amortized loan
B) Interest-only loan
C) Discount loan
D) Compound loan