Danroy Inc. has announced a $7 dividend. If Danroy's last price while trading cum-dividend is $66, what should its first ex-dividend price be (assuming perfect capital markets)?
A) $59
B) $66
C) $73
D) $80

Name: Danroy Inc. has announced a $7 dividend. If Danroy's last price while trading cum-dividend is $66, what should its first ex-dividend price be (assuming perfect capital markets)? A) $59 B) $66 C) $73 D) $80
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Question

Quizplus · Accepted Answer

A) $66 - $7 = $59.