Determine what will i receive

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Reference no: EM132088237

Question: XYZ company has a board of directors meeting on January 15th and the board of directors has voted to declare and pay a dividend. They have decided the date of record will be February 15th and the date to pay out the dividends will be March 5th. They have voted to pay $5 per share cash dividends to their stockholders and there are 10,000 outstanding common stock. If I purchased 100 shares on February 10th will I be paid cash dividends and if so, what will I receive?

Reference no: EM132088237

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