Your company has announced a quarterly dividend of $1 per share. The stock market's expectation was a $0.90 per share dividend. The tax rate is 0. Which of the following changes in your stock price would you not expect to observe?

		the stock price will not change on the payment date
		the stock price will go down on the date of record
		the stock price will go up on the declaration date
		the stock price will go down by $1 on the ex-dividend date