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28 October, 08:05

Bayside Marina just announced it is decreasing its annual dividend from $1.48 per share to $1.45 per share effective immediately. If the dividend yield remains at its pre-announcement level, then you know the stock price:

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  1. 28 October, 08:08
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    the stock price has decreased in the same proportion as the dividend.

    Explanation:

    Since we are told that the dividend yield remained the same, and the dividend decreased by 2.03%, we know that the price of the stock decreased by 2.03%.

    = [ ($1.45 - $.148) / $1.48] x 100 = - 2.03%
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