"A firm announces a quarterly dividend of $1.20 to be paid on Thursday, December 15. The market was expecting $1 dividend. Assume the dividend income is not taxed. What will happen to the share price on the ex-dividend date? Choose the best answer. " 1. the stock price will most likely go up 2. the stock price will most likely go down 3. the stock price will most likely go down by about $1.20 4. the stock price will most likely not change 5. the stock price will most likely go up by about $1.20