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CDE Corporation Declared a $2 Per Share Dividend on October

Question 98

Multiple Choice

CDE Corporation declared a $2 per share dividend on October 1.The date of record is October 20th,the ex-dividend date is October 18th,and the payment date is October 31st.Joe owns a share of stock on October 1.Joe sells his share to Mary on October 18th,Mary sells the share to Tom on October 20th,and Tom sells the share to William on October 30th.Who will receive the dividend?


A) Joe
B) Mary
C) Tom
D) William

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