Respuesta :
The ex-dividend price of each share is $79.30. So, option (b) will be considered as suitable. The value of the stock on February 4 is $13,481.
Give a brief account on ex-dividend.
An ex-dividend date indicates that a stock no longer carries the value of the upcoming dividend payment. The stock price of a firm begins trading without the value of its upcoming dividend payment on the ex-dividend date, often known as the "ex-date." Typically, a stock's ex-dividend date is one business day prior to the record date, which means that anyone who purchases the stock on or after that date will not be entitled to the announced dividend. The person who owned the stock the day before the ex-dividend date will instead get the dividend payout. On the ex-dividend date (ex-date) and after, a stock trades ex-dividend. A trader won't get the following dividend payout if they buy a stock on or after the ex-dividend date.
To solve the question :
Ex-dividend Price of each share = Price including Dividend - Dividend Per share
Ex-dividend Price of each share = $82.30 - $3.00
Ex-dividend Price of each share = $79.30
Value of the stock on February 4 = $79.30 × 170 shares
Value of the stock on February 4 = $13,481
Therefore, value of the stock on February 4 is $13,481
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