Bayside Marina Just Announced It Is Decreasing Its Annual Dividend

Multiple Choice

Bayside Marina just announced it is decreasing its annual dividend from $1.64 per share to $1.50 per share effective immediately.If the dividend yield remains at its pre-announcement level,then you know the stock price:

A) was unaffected by the announcement.
B) increased proportionately with the dividend decrease.
C) decreased proportionately with the dividend decrease.
D) decreased by $0.14 per share.
E) increased by $0.14 per share.