Mary Young intends to take a position in Megasoft Industries once Megasoft begins paying dividends. A dividend of C$4 is payable by Megasoft on 2 December. The ex-dividend date for the dividend is 10 November, and the holder-of-record date is 12 November. What is the last possible date for Young to purchase her shares if she wants to receive the dividend?
A. 9 November.
B. 10 November.
C. 12 November.
Ans: A. 9 November.
Business
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