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What stock price reaction would you expect from a firm that unexpectedly raises its dividend permanently and by a substantial amount?Multiple ChoicePrice should rise, given

What stock price reaction would you expect from a firm that unexpectedly raises its dividend permanently and by a substantial amount?Multiple ChoicePrice should rise, given dividend discount models.Price should decline, given discounted cash flow analysis.Price will remain constant, due to market inefficiency.Price will remain constant, due to random-walk behaviour.

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