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On January 2, Michigan Mining Declared a $2-Per-Share Quarterly Dividend

Question 9

Multiple Choice

On January 2, Michigan Mining declared a $2-per-share quarterly dividend payable on March 9th to stockholders of record on Friday, February 9. What is the latest date by which you could purchase the stock and still get the recently declared dividend?


A) February 5
B) February 6
C) February 7
D) February 8

Correct Answer:

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