Question: Using the information in Problem 1 determine what the stock
Using the information in Problem 1, determine what the stock price of Atlantis Manufacturing will be after the cash dividend announcement in a world of no taxes. Assume that the current price is $47.12 per share and that the price does not change between July 3 and July 20. On what day does the price change? What is the cost to a buyer after the announcement? What is the sales revenue to a seller after the announcement?
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