Your portfolio is 700 shares of Conglomerated International that currently sells for $26.50 a share.The company has announced a cash dividend of $0.45 per share with an ex-dividend date of tomorrow.Assume there are no taxes.What should you expect your portfolio value to be tomorrow morning assuming all else is held constant?
A) $16,236
B) $16,500
C) $16,646
D) $16,764
E) $16,830
Correct Answer:
Verified
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