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Mamont248 [21]
3 years ago
8

Factoring service means:

Business
1 answer:
Maksim231197 [3]3 years ago
3 0
D) all of these...............
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You own 310 shares of stock in a firm that currently sell for $55 per share. The company has announced a dividend of $3.20 per s
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The value of your portfolio on May 3 is $16,058.

Explanation:

Since it is assumed that there is no tax, the value of a share on ex-dividend date is the current share per share minus the announced dividend per share share. Therefore, we have:

Price per share on ex-dividend date = Current share per share - Announced dividend per share share = $55 - $3.20 = $51.80

Therefore, the value of your portfolio on May 3 which is the ex-dividend date can be calculated as follows:

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