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    Fundamentals of Financial Management Concise
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    Exam 14: Distributions to Shareholders: Dividends and Share Repurchases
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    If on January 3, 2014, a Company Declares a Dividend
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If on January 3, 2014, a Company Declares a Dividend

Question 27

Question 27

True/False

If on January 3, 2014, a company declares a dividend of $1.50 per share, payable on January 31, 2014, to holders of record on January 17, then the price of the stock should drop by approximately $1.50 on January 15, which is the ex- dividend date.

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