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Please indicate correct answer only no explanation 12. The last date on...

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Accounting

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Please indicate correct answer only no explanation
12. The last date on which you can purchase shares of stock and still receive the next dividend is the date that is business day(s) prior to the date of record. A. 1 B. 2 C. 3 D. 4 E.5 13. Plyler Cabinets declared a dividend of $1.20 a share on May 15 to holders of record on Monday, June 1. The dividend is payable on June 15. Sara purchased 500 shares of Plyler Cabinets stock on Friday, May 29. How much dividend income will she receive on June 15 from Plyler Cabinets? A. SO B. S0.80 C. $1.60 D. $160.00 E. $320.00 14. Kate purchased 500 shares of Fast Deliveries stock on Wednesday, July 7. Ted purchased 100 shares of Fast Deliveries stock on Thursday, July 8. Fast Deliveries declared a dividend on June 20 to shareholders of record on July 12 and payable on August 1. Which one of the following statements concerning the dividend paid on August 1 is correct given this information? A. Neither Kate nor Ted is entitled to the dividend. B. Kate is entitled to the dividend but Ted is not. C. Ted is entitled to the dividend but Kate is not D. Both Ted and Kate are entitled to the dividend. E. Both Ted and Kate are entitled to one-half of the dividend amount

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