Multiple Choice
Dew Drop In,Inc.announces is quarterly dividend will increase from $3.80 to $4.00.After the announcement,the price of Dew Drop In,Inc.'s stock drops.The most likely explanation is that
A) the stock market is a perfect market.
B) investors are irrational.
C) investors were expecting a larger increase.
D) Dew Drop In, Inc.'s debt ratio decreased.
Correct Answer:
Verified
Correct Answer:
Verified
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