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Your portfolio is 310 shares of Callahan, Inc. The stock currently sells for $101 per share. The company has announced a dividend of $3.20 per share with an ex-dividend date of April 19. Assuming no taxes, what is your portfolio value as of April 19?

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Parrain

Answer: $‭30,318‬

Explanation:

On the day the dividend is announced, the price of the stock usually goes down by the amount of dividend announced.

Price on April 19 = 101 - 3.20 = $‭97.8‬0

Portfolio value = ‭97.8‬0 * 310 shares

= $‭30,318‬

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