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In a perfect market, what kind of response would you expect when your company announces that it has struck gold and plans to pay a
In a perfect market, what kind of response would you expect when your company announces that it has struck gold and plans to pay a special dividend next month? What reaction do you expect over this month? What reaction do you expect on the day that it pays the dividends (beyond the adjustment of the stock price to the dividend payout)? Select one alternative: O Announcement: positive response. Over this month: no response. Payout: no response. O Announcement: positive response. Over this month: positive response. Payout: positive response. O Announcement: no response. Over this month: no response. Payout: positive response. O There is not sufficient information provided to determine the impact O Announcement: no response. Over this month: no response. Payout: no response. O Announcement: no response. Over this month: positive response. Payout: no response
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