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Problem One: The companys stock price is $45. The market expects the company to declare a dividend of $1.50 on June 1st. On June 1st

Problem One: The companys stock price is $45. The market expects the company to declare a dividend of $1.50 on June 1st. On June 1st the company declares a dividend of $2.00. The ex-dividend date is June 15th. The payment date is June 22nd. What will be the stock price on June 1st after the announcement? Assuming the stock price remains $45 on June 1 st, what will be the stock price on June 15th?

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