Leslie purchased 100 shares of GT stock on Wednesday, June 7th. Marti purchased

Question

Leslie purchased 100 shares of GT stock on Wednesday, June 7th. Marti purchased 100 shares of GT stock on Thursday, July 8th. GT declared a dividend on June 20th to shareholders of record on July 12th that is payable on August 1st. Which one of the following statements concerning the dividend paid on August 1st is correct given this information? O Both Marti and Leslie are entitled to one-half of the dividend amount O Neither Leslie nor Marti are entitled to the dividend. Both Marti and Leslie are entited to the dividend. O Leslie is entitled to the dividend but Marti is not. O Marti is entitled to the dividend but Leslie is not

Explanation / Answer

both Marti and Leslie are entitled to the dividend

the above is answer as both own share as on record date.

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