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Felicity Trust Has a Dividend Cover Ratio of 5

Question 13

Multiple Choice

Felicity Trust has a dividend cover ratio of 5.0 on net income of $6.3 million. The company's EPS is $2.10 and its cum dividend price is $22.50. What is the expected ex dividend price of the shares?


A) $18.00
B) $20.82
C) $21.24
D) $22.08
E) 27.00

Correct Answer:

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