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Price-earnings ratio rose

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In 2007, the dividend yield on General Motors (GM) stock fell from 8.6% to 4.4%. Which of the following would have generated that result?

a) The price-earnings ratio rose.

b) GM issued bonds with a coupon rate equal to 8%.

c) GM announced a decrease in the dividend it would pay per share

d) The closing price of GM stock fell.

Reference no: EM131038826

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