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AFB, Inc. declared a dividend of $ 2 per share, which was an increase of 2 5 % from the prior year, yet AFB, Inc.
AFB, Inc. declared a dividend of $ per share, which was an increase of from the prior year, yet AFB, Inc. stock declined by the day of the announcement. DAS, Inc. declared a dividend of $ per share, which was the same as the prior year, and its stock increased in value by on the day of the announcement. These events could be most readily explained by the
A expectations theory.
B residual dividend theory.
C information effect.
D clientele effect.
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