Danroy Inc has announced a $7 dividend. If Danroy's last price while trading cum-dividend is$66, what should its first ex-dividend price be (assuming perfect capital markets)?
A) $59
B) $66
C) $73
D) $80
Answer: A
You might also like to view...
Factoring receivables to a commercial lender is usually less expensive than pledging receivables.
Answer the following statement true (T) or false (F)
The partnership is liable for torts committed by any partner of the firm while engaged in partnership business under the doctrine of ________.
A. ultra vires B. caveat emptor C. estoppel D. respondeat superior
On December 31 . 2013 . Breezeway, Inc, reported a current deferred tax liability of $140,000 and a noncurrent deferred tax asset of $40,000 . At the end of 2014, Breezeway reported a current deferred tax liability of $100,000, and a noncurrent deferred tax liability of $44,000 . The deferred tax expense for 2014 is
a. $144,000. b. $44,000. c. $36,000. d. $4,000.
We would generally find that the beta of a single security is more stable over time than the beta of a diversified portfolio
a. True b. FalseIndicate whether the statement is true or false