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Question
Dew Drop In, Inc. announces is quarterly dividend will increase from $3.80 to $4.00. After the announcement, the price of Dew Drop In, Inc.'s stock drops. The most likely explanation is thatA) the stock market is a perfect market.
B) investors are irrational.
C) investors were expecting a larger increase.
D) Dew Drop In, Inc.'s debt ratio decreased.
Answer
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Related questions
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