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c) (4 points) A company decided to pay dividend on June 1992. They pay 1$ every quarter. According to Modigliani and Miller Theorem, what happens

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c) (4 points) A company decided to pay dividend on June 1992. They pay 1$ every quarter. According to Modigliani and Miller Theorem, what happens to the stock price on June 1996 when they pay the 1 dollar they promised (i.e. on the ex-date)

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