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If on October 15, 2021, a company declared a dividend of $2.00 per share, payable on November 15, 2021, to holders of record on November

If on October 15, 2021, a company declared a dividend of $2.00 per share, payable on November 15, 2021, to holders of record on November 10th, then would it have made sense for the price of the stock to have dropped by more than $2.00 on November 8 (the ex-dividend date) as a result of the declared dividend?

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