9 You own 280 shares of stock in Halestorm, Incorporated, that currently sells for $83.95 per share. The company has announced a dividend of $3.55 per share with an ex-dividend date ofFebruary 4 Assuming no taxes, what is the value of the stock on February 4?Multiple Choice

Given the price or value of a single share = $ 83.95 Given = dividend paid on Feb, 4= 3.55

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Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

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Question

You own 280 shares of stock in Halestorm, Incorporated, that currently sells for $83.95 per share. The company has announced a dividend of $3.55 per share with an ex-dividend date of
February 4 Assuming no taxes, what is the value of the stock on February 4?
Multiple Choice

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