In a world of no taxes, free and universal information, and no financial market imperfections,...
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Finance
In a world of no taxes, free and universal information, and no financial market imperfections, the price of a share of stock should respond to the payment of a dividend by:
A. Increasing by the amount of the dividend.
B. Remaining unchanged.
C. Not enough information to determine.
D. Decreasing by the amount of the dividend.
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