At the board of directors meeting on December 5, it is reported that the EPS...
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Accounting
At the board of directors meeting on December 5, it is reported that the EPS of the firm is expected to be $1.25 per share. The board of directors declares a dividend of $0.75 per share on December 5 (Wednesday), with a holder-of-record date of January 10 (Thursday) and a payment date of January 18 (Friday). At the close of trading, you sell your 5,000 shares on January 8 (Tuesday). How much will you receive in dividends on January 18?
Select one:
a. $2,500
b. $6,250
c. $3,500
d. $3,750
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