Kathy Snow wishes to purchase shares of Countdown? Computing, Inc. The? company's board of directors has declared a cash dividend of ?$1.07 to be paid to holders of record on? Wednesday, Sep. 21.
a. What day does this stock begin trading ex? dividend?
b. What is the last day that Kathy can purchase the stock? (trade date) and still receive the? dividend?
c. What? change, if? any, would you expect in the price per share when the stock begins trading on the? ex-dividend day?
d. If Kathy held the stock for less than one quarter and then sold it for? $53.84 per? share, would she achieve a higher investment return by? (1) buying the stock prior to the? ex-dividend date at? $ per share and collecting the $1.07 ?dividend, or? (2) buying it on the? ex-dividend date at ?$48.77 per share but not receiving the? dividend?