Surfs up inc announced a 150 per share dividend with an


Surfs Up Inc. announced a $1.50 per share dividend with an ex-date of May 15. If the closing price of Surfs Up Inc.'s stock was $35 on May 14. What would we expect the price to be on the close of the 15th, assuming zero movement in the market?

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Financial Management: Surfs up inc announced a 150 per share dividend with an
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