Problem 1 (4 marks) On Wednesday, January 6, 2021, Darjilling Corporation's board of directors declared...
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Problem 1 (4 marks) On Wednesday, January 6, 2021, Darjilling Corporation's board of directors declared a dividend of 75 cents per share payable on Friday, April 9, 2021, to shareholders of record as of Monday, March 29, 2021. a) When is the ex-dividend date? (1 mark) b) If an individual buys stock before that date (date in part a), who gets the dividends on those shares, the buyer or the seller? (1 mark) c) If an individual buys stock on that date, (date in part a), who gets the dividends on those shares, the buyer or the seller? (1 mark) d) If an individual buys stock after that date, (date in part a), who gets the dividends on those shares, the buyer or the seller? (1 mark) Problem 2 (2 marks) WestGate just declared a $0.52 dividend per share based on EPS of $6.50. Calculate the retention ratio
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