What is the ex-dividend date

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1. Suppose that a stock sells for RM10 per share. The board of directors declare a dividend of RM1 per share, and the record date is set to be Tuesday, June 12.

(a) What is the ex-dividend date?

(b) If the shareholder buy before ex-dividend date, who will entitle RM1 dividend?

(c) How if the shareholder buy on or after ex-dividend date?

(d) What is the stock price after ex-dividend date?

2. A consulting firm specializing in difficult problems, has 10,000 shares of stock outstanding, each selling at RM66. The company has declared a 10 percent stock dividend. What effects on the equity accounts will the distribution of the stock dividend have?

Reference no: EM133115329

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