On February 27, 2007, Laurentian Bank of Canada released results for its first quarter, ending on January
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Laurentian’s shares are traded on the S& P/ TSX exchange. The TSX index rose 5 points on February 27, closing at 13,040.11. Laurentian’s share price fell 34 cents for the day, to $ 30.71.
Required
Why did Laurentian’s share price fall? Assume efficient securities markets, and consider both economy- wide and firm- specific factors in your answer.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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