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Question: Cheryl holds 3,000 shares in CBC, a firm with a stock price of $30. CBC has announced a dividend of $0.50 per share and will go ex-dividend tomorrow. Cheryl doesn't need cash and so she'd prefer not to have any divided. Which of the following actions would you suggest for Cheryl at the moment the stock goes ex-dividend? Assume perfect markets.

a. Buy 100.000 shares of the firm

b. Buy 50.847 shares of the firm

c. Buy 76.457 shares of the firm

d. Sell 100.000 shares of the firm

e. Buy 150.257 shares of the firm

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92793382

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