Ok, let's see if you can find the real-world significance of the following information. I just logged into my online brokerage account in order to write the previous blog post. When I reviewed the transactions over the past 14 days, I found something that illustrates an important testable point. See if you can explain the following:
07/09/2009 15:57:52 Sold 50 EQR @ 19.51 $965.48
07/10/2009 02:10:48 ORDINARY DIVIDEND (EQR) $36.19
If the stock was already sold on July 9th, why would I receive a dividend on July 10th? And, for extra credit, why is it an "ordinary" dividend?