Aiken Instruments (AlK) has recently declared a regular quarterly dividend of $0.50, payable on 12 November, with an ex-dividend date of 28 October. Which date below would be the holder-of-record date assuming all the days listed are business days and that trades settle three business days after the trade date?
A. 27 October.
B. 30 October.
C. 11 November.
Answer: B. 30 October.
You might also like to view...
PepsiCo's acquisition of bottlers is ________ and acquisition of Frito-Lay ________.
A. horizontal expansion, vertical integration B. backward integration, forward integration C. forward integration, horizontal expansion D. horizontal expansion, horizontal expansion
A manufacturer of breakfast cereals has the opportunity to purchase barley at $3.00 a bushel for 10,000 bushels, if it also buys 5,000 bushels of wheat at $16.00 per bushel
However, the manufacturer does not use any barley in its products, and currently needs 20,000 bushels of wheat. If the current market price of barley is $3.80 per bushel and that of wheat is $15.80 per bushel, should this opportunity be taken, and why? A) Because the company has no need of barley, the opportunity should not be taken. B) Because the opportunity does not meet the company's need for wheat, the opportunity should not be taken. C) Because the value of the opportunity is positive, the opportunity should be taken. D) Because the value of the opportunity is negative, the opportunity should not be taken.