Finra Series-6 Exam - Topic 10 Question 79 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 79
Topic #: 10

On Friday, August 6th, the Board of Directors of Ecolab (ECI) announced that it would pay a dividend of $0.155 a share to shareholders of record as of Tuesday, September 21st.The dividend checks were scheduled to be mailed on Friday, October 15th. In this scenario, the ex-dividend date is:

AFriday, August 6th.

BFriday, September 17th.

CTuesday, September 21st.

Dnone of the above.

Show Suggested Answer

Suggested Answer: D

Upon receiving a complaint about one of its member firms, FINRA may require any person associated with the member firm to provide information and to testify under oath; it may inspect and copy the books, records, and accounts of the member firm; and it may share information obtained from its investigation of a member firm with a foreign regulatory agency. The foreign regulator must agree to treat the information confidentiality, and the agreement with the foreign regulator is predicated on two requirements: ''(A) the other regulator party to the agreement must have jurisdiction over common regulatory matters; and (B) the agreement must require the other regulator to reciprocate and share with FINRA information of regulatory interest or concern to FINRA.''

by Jina at Jun 03, 2024, 04:20 PM

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Nan

6 months ago

Just to clarify, the ex-dividend date is not the same as the payment date!

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Annett

6 months ago

Wait, is it really September 17th? That seems off.

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Ulysses

6 months ago

I thought it was the record date, but I guess not.

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Linwood

7 months ago

Definitely B, September 17th is the right choice!

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Iesha

7 months ago

The ex-dividend date is usually one business day before the record date.

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Carlene

7 months ago

I recall that the ex-dividend date is usually two days before the record date. So, I’m leaning towards option B, September 17th, but I hope I’m right!

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Lorean

7 months ago

I thought the ex-dividend date was always set on the same day as the announcement. But now I'm confused because I feel like it should be before the record date.

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Gretchen

7 months ago

I practiced a similar question where the ex-dividend date was two business days before the record date. So, I think it could be September 17th.

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Kenneth

8 months ago

I remember studying the ex-dividend date, but I'm not entirely sure if it's the same as the record date. I think it might be a few days before the record date?

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Matilda

8 months ago

I'm not totally sure about this, but I think the ex-dividend date is usually the business day before the record date, so the answer is B. I'll double-check my notes to be certain.

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Jutta

8 months ago

Okay, let me walk through this step-by-step. The dividend is announced on August 6th, the record date is September 21st, and the payment date is October 15th. The ex-dividend date is the date when the stock trades without the dividend, which is usually the business day before the record date. So the answer is B.

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Hermila

8 months ago

Hmm, I'm a bit confused on this one. I'll need to think it through carefully to make sure I understand the relationship between the different dates.

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Justine

8 months ago

This one seems straightforward, I think the ex-dividend date is the date before the record date, so the answer is B.

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Lamonica

8 months ago

I feel like the ArtifactDeployer plugin might be related, but it sounds more like it deploys artifacts rather than using them in a build.

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Margery

8 months ago

Hmm, I'm a bit confused on the details of SHA-1 encryption. I'll have to think this through carefully before selecting an answer.

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Tamra

8 months ago

This feels tricky. I'm leaning towards B, that they're just a subset of standard medical services, but I'm not completely sure.

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Josefa

8 months ago

Okay, this looks straightforward. I'll start by finding the "Management Team" contact group and then add "Dan Wilson" to it.

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Mary

1 year ago

Maybe they should have announced the dividend on National Lemonade Day, since it's all about that 'lemon squeezy' ex-dividend date!

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Micaela

11 months ago

D) none of the above.

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Mike

11 months ago

C) Tuesday, September 21st.

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Stevie

11 months ago

B) Friday, September 17th.

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Adolph

11 months ago

A) Friday, August 6th.

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Jose

1 year ago

I'm pretty sure the ex-dividend date is Friday, September 17th. It's the standard practice to set the ex-dividend date two business days before the record date.

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Veronique

1 year ago

Aha! The ex-dividend date is Friday, September 17th. That's two business days before the record date of September 21st. Easy peasy, lemon squeezy!

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Ettie

11 months ago

C) Tuesday, September 21st.

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Dallas

11 months ago

B) Friday, September 17th.

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Catarina

12 months ago

A) Friday, August 6th.

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Troy

1 year ago

Hmm, this is a tricky one. I'm going to go with option D, 'none of the above.' The ex-dividend date doesn't seem to be clearly stated in the information provided.

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Eric

1 year ago

I agree with you, I also think it's option C.

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Torie

1 year ago

I'm leaning towards option C, Tuesday, September 21st.

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Nan

1 year ago

I think the ex-dividend date is actually Friday, September 17th.

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Silva

1 year ago

I think the ex-dividend date is Friday, September 17th. The record date is September 21st, and the ex-dividend date is usually two business days before the record date.

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Norah

1 year ago

B) Friday, September 17th.

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Jess

1 year ago

A) Friday, August 6th.

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Jeanice

1 year ago

Hmm, I see your point. Since shareholders of record are as of September 21st, the ex-dividend date should be before that date. So, it must be Tuesday, September 21st.

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Lonny

1 year ago

Actually, I believe the ex-dividend date is Tuesday, September 21st.

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Jeanice

1 year ago

I think the ex-dividend date is Friday, September 17th.

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