notice the next share for sale is 99.90
I had ISL buy a share (for 100 grams) yesterday before noon UTC - got paid the 0.60 grams dividend at noon .. now assuming it sells the complete trade has made 0.50 grams out of thin air! :)
Also, assuming it sells, there would be a REAL, not merely virtual, effect of the price changing before and after the dividend, sure enough!
arbitrage rocks. A micromarket lets you discover all the "obvious" features of markets over again freshly.
JPM
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