The ex-dividend date is ____ before the record date.

A) 2 business days
B) 2 calendar days
C) 3 business days
D) 3 calendar days
E) 5 business days

Ex-Dividend Date

The date on which a stock trades without a declared dividend that has yet to be paid. Four days prior to the date of record.

Business Days

Workdays typically from Monday to Friday, excluding public holidays and weekends, used in the context of official and financial transactions.

Record Date

The specific date set by a company on which the shareholders must be on the company's books to be eligible to receive a dividend or vote.