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Marine Company just announced it is cutting its annual dividend from $3.35 per share to $3.10 per share effective immediately. If the dividend yield remains

Marine Company just announced it is cutting its annual dividend from $3.35 per share to $3.10 per share effective immediately. If the dividend yield remains at its pre-announcement level, then you know the stock price: increased by $.25 per share. O increased proportionately with the dividend decrease. decreased by $.25 per share. was unaffected by the announcement. decreased proportionately with the dividend decrease

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