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UJ Gas is a utility that has followed a policy of increasing dividends every quarter by 5% over dividends in the prior year. The company

UJ Gas is a utility that has followed a policy of increasing dividends every quarter by 5% over dividends in the prior year. The company announces that it will increase quarterly dividends from $1.00 to $1.02 next quarter. What price reaction would you expect to the announcement? Why?

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