Dividends and dividend policy

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Essentials of Corporate Finance (8th Ed.): Dividends & Dividend Policy

Paul Inc. announced a $1.50 per share dividend with an ex-date of May 15. If the closing price of Paul's stock was $35 on May 14, what would we expect the price to be on the close of the 15th, assuming zero movement in the market?

Reference no: EM131072287

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