Series 24: 5.8.7.2.3. Adjustments To Open Quotes On The Ex-Date

Taken from our Series 24 Online Guide

5.8.7.2.3.  Adjustments to Open Quotes on the Ex-Date

In the case of either cash or stock dividends at market opening on the ex-date, the market reduces the previous day’s stock price by the per-share value of the dividend. This adjustment occurs on the ex-date because the ex-date is the first day a stock trades without the right to the dividend (“ex-dividend”). Investors purchasing shares on or after t

Since you're reading about Series 24: 5.8.7.2.3. Adjustments To Open Quotes On The Ex-Date, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 24
Please Enable Javascript
to view this content!