Toronto Skaters Company has just declared its regular dividend of $1 per share.On March 1,the stock traded at $5 per share.The next day,the ex-dividend date,what do we expect to see?
A) The stock price fall by $1.
B) The stock price fall by less than $1 due to investor taxes.
C) The stock price fall by more than $1 due to investor taxes.
D) The stock price rise by less than $1 due to investor taxes.
Correct Answer:
Verified
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