These events could be most readily explained by

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Reference no: EM13895657

FB, Inc. declared a dividend of $2 per share, which was an increase of 25% from the prior year, yet AFB, Inc. stock declined by 3% the day of the announcement. DAS, Inc. declared a dividend of $2 per share, which was the same as the prior year, and its stock increased in value by 2% on the day of the announcement. These events could be most readily explained by the

Select one:

a. clientele effect.

b. information effect.

c. expectations theory.

d. residual dividend theory.

Reference no: EM13895657

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