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TRUE OR FALSE: If on January 2, 2008, a company declares a dividend of $1.50 per share, payable on January 31, 2008, then the price

TRUE OR FALSE: If on January 2, 2008, a company declares a dividend of $1.50 per share, payable on January 31, 2008, then the price of the stock should drop by approximately $1.50 on January 31.

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