Question: StableCo is declaring a regular $1 per share quarterly dividend. This will be the first dividend they have ever paid. Their share price is currently

StableCo is declaring a regular $1 per share quarterly dividend. This will be the first dividend they have ever paid. Their share price is currently $27. They will be announcing this dividend on December 1st. The cumulative dividend date is December 5th and the ex dividend date is December 6th.

A. Would you expect that StableCo's share price would go up or down on December 1st?

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