Ohio Freight Company's
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The Ohio Freight Company's common stock is selling for $40 the day before the stock goes ex-dividend. The annual dividend yield is 6.7 percent and dividends are distributed quarterly. Based solely on the impact of the cash dividend, by how much should the stock go down on the ex-dividend date? What will the new price of the stock be?
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Ex-dividends date and stock problem
The Ohio Freight Company's common stock is selling for $40 the day before the stock goes ex-dividend. The annual dividend ...
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