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On Tuesday, October 14, Alpha Company announced a dividend of $3.15 per share an...
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On Tuesday, October 14, Alpha Company announced a dividend of $3.15 per share and set Monday, December 8 as the record date. The dividend will be paid on Wednesday, January 7. Mr. Bayrou, who currently owns shares in the company, sells his 800 shares to Mr. Arthur on Thursday, December 4. Which of the two—Mr. Bayrou or Mr. Arthur—will receive the dividend on the 800 shares?
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