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FIN622 - Corporate Finance GDB 2 closing date 18 jan 2016
The board of directors of the Company ABC has declared a cash dividend of Rs.2 per share to be paid to the holders on February 3, 2016. The stock is trading at Rs.40 before this announcement. The ex-dividend date announced by the exchange is January 19, 2016.
You are required to discuss the following:
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