On the date of record the stock price drop is:

Question

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On the date of record, the company checks its records to see who owns shares and is entitled to receive the dividend. This is also known as the "holder of record" date. However, the actual payment of the dividend will occur several days or weeks later. On the ex-dividend date, the stock price is adjusted downward by the amount of the dividend to reflect that new investors are not entitled to receive the dividend payment. Therefore, on the date of record, the stock price does not drop and remains unaffected.

On the Date of Record the Stock Price Drop Is