1. The correct order of dividend process dates is
a) date of record, declaration date, ex-dividend date, payment date.
b) declaration date, date of record, ex-dividend date, payment date.
c) ex-dividend date, date of record, declaration date, payment date.
d) declaration date, ex-dividend date, date of record, payment date.
2. What's the present value of a $950 annuity payment over six years if interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
3. Within the context of a stock repurchase, what is meant by a tender offer?