Ask Question
27 January, 12:49

Lee, a salesperson for Macro Corporation, learns that Macro will increase the dividend it pays to shareholders. Lee buys 1,000 shares of Macro stock. When the price increases, Lee sells his shares for a profit. Lee would not be liable for insider trading if the information about the dividend was

+4
Answers (1)
  1. 27 January, 13:14
    0
    public before he bought the stock

    Explanation:

    The dividend is a sum of money paid by a company regularly to its shareholders out of its profits.

    Insider trading refers to the illegal practice of trading on the stock exchange on having confidential information regarding the shares.

    In this question,

    Lee would not be liable for insider trading if the information about the dividend was public before he bought the stock.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Lee, a salesperson for Macro Corporation, learns that Macro will increase the dividend it pays to shareholders. Lee buys 1,000 shares of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers