3 ms·
The ex-dividend date is an implementation flaw that makes the stock price discontinuous at the dividend date (I initially misunderstood this). However, in theor
by JDDunn9 11y ago
The ex-dividend date is an implementation flaw that makes the stock price discontinuous at the dividend date (I initially misunderstood this). However, in theory, a pro-rata dividend would be continuous.
- tomp 11y agoYes. That's what happens with bonds (clean vs dirty price). It's more complicated with equities because the size of the payout isn't known in advance.