The practice of buying gilt-edged securities after they have gone ex-dividend and selling them cum-dividend, thus transforming the interest return into capital gain.(指債券的持有者在債券付息前將債券出售，并在該債券付息后再買入，以此將債券的利息收入轉(zhuǎn)換為資本收入。)

They'll tell someone, hurry up and buy this stock because it's going to go ex-dividend.(他們告訴買家，迅速買入這支股票，因為它馬上要除息了。)

The answer is generally not because if you buy the stock before it goes ex-dividend, you get--you have to pay a higher price, but you get the dividend.(答案一般來說是不用,如果你買了股票,是在除息之前買的,你的買入價高,但能分到紅)

One only receives the dividend if the share is bought before the ex-dividend date.(只有在除權(quán)日期之前購買股票才能享有股息。)

Three, the firm does not buy ex - dividend stocks.(大除權(quán)個股堅決不買。)

The variety of dividend tax rate is one of the reasons that cause the variety of stock pricing; it also induces the arbitrage opportunities and additional trading around ex-date.(紅利稅率的多元化是引致投資者對股票估價差異性的原因之一，并且催生了現(xiàn)金股利除息前后的套利機會和增量交易。)

There's a term for that — they call it going ex-dividend.(有一個專門的術(shù)語，叫做“除息”。)

That may well have increased the ex post risk premium (other things being equal, a fall in the dividend yield from 4% to 2% means investors double their money).((在其它條件相同的情況下，股息收益率從4%跌到2%意味著投資者要投雙倍的錢)。)

That's important—this really does happen, stocks really do drop in price on the ex-dividend date.(這很重要——這種情況確實會發(fā)生，股價通常會在除息日下跌。)

That's an important — this really does happen, stocks really do drop in price on ex-dividend date.(這很重要，公司就是這么做的，股價通常會在除息日下跌。)