Ex-Dividend Share Price

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A portfolio has 200 shares of a company's stock. The stock currently sells for $105.00 per share. The company has announced a dividend of $1.50 per share with an ex-dividend date of April 19th. Assuming no taxes, how much will your stock be worth on April 19th?

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Solution Preview

Current price of the stock=$105.00 per share
Dividend= $ 1.50 per share
At the ex dividend date ...

Solution Summary

The ex-dividend share price is calculated in the solution.

$2.19