Question: You are comparing the dividend policies of three dividend paying utilities. You have collected the following information on the ex-dividend behavior of these firms. If

You are comparing the dividend policies of three dividend paying utilities. You have collected the following information on the ex-dividend behavior of these firms.

If you were a tax-exempt investor, which company would you use to make €œdividend arbitrage€ profits? How would you go about doing so?

NE Gas SE Bell Western Electric Price before Price after Dividends/share 50 48 70 67 100 95

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