Solved: Stephaniersquos cafes inc has declared a dividend of 130, Finance Basics

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Stephaniersquos cafes inc has declared a dividend of 130

Stephanie’s Cafes, Inc., has declared a dividend of $1.30 per share for shareholders of record on Tuesday, May 2. The firm has 200,000 shares outstanding and will pay the dividend on May 24. How much cash will be needed to pay the dividend? When will the stock begin selling ex dividend?

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Finance Basics: Stephaniersquos cafes inc has declared a dividend of 130

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