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SIE Exam Practice Question 415

Question: 415

When a Board declares a cash dividend, the order of dates beginning with that announcement date is:

I. Declaration date

II. Payment date

III. Record date

IV. Ex-dividend date

Correct Answer: D

Explanation:

D: Remember the acronym D E R P --- this is the chronological order of the relevant dates when a cash dividend is declared: declaration date; ex-dividend date; record date; payable date

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