This is one question showing all possible answers. Free Spirit Industries Inc. r

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This is one question showing all possible answers.

Free Spirit Industries Inc. recently paid a dividend to its shareholders. The following table offers a timeline of events surrounding the dividend. Date June 9 July 9 July 10 July 12 Aug 21 Event Dedaration date with-dividend date Ex-dividend date Holder-of-record date Payment date Based on this information, answer the following questions. . Which date are investors aware of the size of the dividend and the timing of its payment? «What is the last day that an investor can buy a share of Free Spirit Industries Inc's stock and still be entitled to the dividend? July 10 July 12 July 9 Aug 21 Which day will Free Spirit Industries Inc. actually pay the dividend? If Victor buys 10 shares from Susan, by what business date must Victor inform the company that he owns the shares so that he is eligible to receive the dividends? O Aug 21 O July 12 O July 9 O June 9

Explanation / Answer

1. The investors are aware of the size of the dividend on June 9 and the timing of its payment.

2. The last day that an investor can buy a share of Free Spirit industries and still entitled to the dividend is July 9.

3.Free Spirit Industries Inc. acturally pay the dividend on Aug 21.

4. By July 12 i.e. holder of Record date, is the date by which investor has to inform the company of holding the shares.

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