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Harper, makers of cell phones, has announced on Tuesday September 1 that they will pay a dividend of $1 per share on Monday December 1
Harper, makers of cell phones, has announced on Tuesday September 1 that they will pay a dividend of $1 per share on Monday December 1 to all shareholders on record on Friday November 13. The record date is such that Harper will go ex-dividend on Wednesday November 11. Which of the following choices describes the likely market response to this dividend? A. The stock price will rise by $1 on December 1. B. The stock price will rise by more than $1 on September 1. C. The stock price will fall by $1 on November 11. D. The stock price will rise by $1 on September 1. E. The stock price will rise by more than $1 on December September 1
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