Multiple Choice
LT Truckers declared a quarterly dividend on October 3 to record holders as of Tuesday, November 7. The dividend will be paid on Friday, November 31. Alexa purchased 500 shares of LT stock on November 3. Al sold 250 shares of LT stock on November 6. Who will receive the dividend payment on November 31?
A) Alexa only.
B) Al only.
C) both Alexa and Al.
D) neither Alexa nor Al.
E) Cannot be determined from the information provided.
Correct Answer:
Verified
Correct Answer:
Verified
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