:Ashley purchased 100 shares o

:Ashley purchased 100 shares of Ford Motor Company common stock on Wednesday, July 7th. Brenna purchased 100 shares of Ford Motor Company common stock on Thursday, July 8th. Ford declared a dividend on June 20th to shareholders of record on Monday, July 12th and payable on August 1st. Which one of the following statements concerning the dividend paid on August 1st is correct given this information? Note: The ex-dividend date is two business days (not counting Saturday or Sunday) prior to the holder-of-record date. O Both Ashley and Brenna are entitled to the dividend. O Neither Ashley not Brenna are entitled to the dividend. O Ashley is entitled to the dividend but Brenna is not. O Brenna is entitled to the dividend but Ashley is not.

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