Davis Engineering declared a dividend to shareholders of record on Monday, February 8, that is payable on Friday, February 26.Carla knows that her dividend check normally arrives three business days after the check is written.On which one of the following days should she expect to receive her dividend check? Assume a 365-day year.
A)Wednesday, February 10
B)Thursday, February 11
C)Monday, March 1
D)Tuesday, March 2
E)Wednesday, March 3

Question

Quizplus · Accepted Answer

The Answer of Davis Engineering declared a dividend to shareholders of record on Monday, February 8, that is payable on Friday, February 26.Carla knows that her dividend check normally arrives three business days after the check is written.On which one of the following days should she expect to receive her dividend check? Assume a 365-day year.
A)Wednesday, February 10
B)Thursday, February 11
C)Monday, March 1
D)Tuesday, March 2
E)Wednesday, March 3

Davis Engineering Declared a Dividend to Shareholders of Record on Monday