The ex-dividend date is important because trading on this date:

A. is when the purchaser gets the right to a dividend and the market price recognizes the added value.
B. is when the purchaser does not get the right to the immediate dividend and the market recognizes this added value.
C. is when the purchaser has their name registered on the books of the company and no change in value occurs.
D. is when the purchaser will have the dividend check mailed to them by the corporation on this date.
E. is when the purchaser does not get the right to the immediate dividend and the market recognizes this loss in value.

Correct Answer: E