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Simon and Simon, makers of cell phones, has a history of paying a dividend of $1 per share to their shareholders. Which of the following
Simon and Simon, makers of cell phones, has a history of paying a dividend of $1 per share to their shareholders. Which of the following describes the likely response to the per share price of Simon and Simon, now trading at $9, with respect to the dividend?
- a.The stock price will fall to $8 on the record date.
- b.The stock price will rise to $10 on the record date.
- c.The stock price will stay at $9 per share.
- d.The stock price will fall to $8 on the ex-dividend date.
- e.The stock price will rise to $10 on the ex-dividend date.
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