An investor purchases 500 shares of DEF stock on Monday. The ex-dividend date is Wednesday of the same week. Settlement for equities is T+1. Will this investor receive the declared dividend?

1. AYes, because the purchase was made before the ex-dividend date
2. BNo, because dividends are only paid to shareholders who held stock for at least 30 days
3. CYes, because the purchase settles on Tuesday, which is before the ex-dividend date✓ Correct answer
4. DNo, because the stock must be purchased at least 5 business days before the record date

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