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Consider start - up biotech firm with a promosing line up of drugs pending trials and FDA approval, but its Net Income tends to fluctuate
Consider startup biotech firm with a promosing line up of drugs pending trials and FDA approval, but its Net Income tends to fluctuate significantly from yeartoyear from negative to positive The firm decides to initiate a regular dividend payment now, before the drugs are on available for sale. How do you think the stock price will react to when this news is released? Provide a brief justification.
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