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Spiffy Products Co. announced a 3% increase in its upcoming dividend, this was followed with a sharp increase in the share price. It is likely

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Spiffy Products Co. announced a 3% increase in its upcoming dividend, this was followed with a sharp increase in the share price. It is likely that investors were expecting a smaller increase and feel that the company's prospects are better than previously expected. True False If a firm has excellent new growth prospects with positive NPV projects, it is likely it will increase its dividend. True False

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