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    Fundamentals of Financial Management Study Set 1
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    Exam 15: Distributions to Shareholders: Dividends and Share Repurchases
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    If on January 3 a Company Declares a Dividend of $1.50
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If on January 3 a Company Declares a Dividend of $1.50

Question 44

Question 44

True/False

If on January 3 a company declares a dividend of $1.50 per share,payable on January 31 to holders of record on January 17,then the price of the stock should drop by approximately $1.50 on January 15,which is the ex-dividend date.

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