Multiple Choice
Acme Explosives Inc.is an international producer of creative demolition products.Selected financial information for Acme is provided in the table below.Acme wants to distribute all of its cash with a special dividend.The stock price and market capitalization of the company immediately after the announcement are shown in the table.What price will the stock trade at on the ex-dividend day?
Selected Financial Information
For Acme Corporation
A) $22.91
B) $23.55
C) $26.33
D) $28.09
E) $31.11
Correct Answer:
Verified
Correct Answer:
Verified
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