The last date on which you can purchase shares of stock and still receive the dividend is the date which is _____ business days prior to the date of record.
A)1
B)2
C)3
D)4
E)5

Question

Quizplus · Accepted Answer

The last date on which you can purchase shares of stock and still receive the dividend is known as the ex-dividend date. This date is normally set two business days before the record date. Therefore, investors must purchase shares at least three business days before the record date to ensure that they receive the dividend. Choice C) 3 is the most accurate answer.

The Last Date on Which You Can Purchase Shares of Stock