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Question 14 (4 points) Listen Within the context of dividend policy, the information content effect is defined as: 1) The anticipated component of a new
Question 14 (4 points) Listen Within the context of dividend policy, the information content effect is defined as: 1) The anticipated component of a new announcement that did not trigger any significant market reaction from the market participants. 2) The abnormal stock price reaction to an unanticipated change in the firm dividend. 3) The combination of negative new information that will force the firm to stop paying dividends. 4) The relevant firm financial data that helps the board of directors to decide on the amount of the dividend payment
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