Question: Paylin Enterprises has declared a $3 dividend for its common stock. On the day before the ex-dividend date the firms shares are trading for $28a

Paylin Enterprises has declared a $3 for its common stock. On the day before the ex-dividend date the firm’s shares are trading for $28 a share. What do you expect the price of Paylin’s shares to be on the day following the ex-dividend date? Why do you expect the stock price to change?

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