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Which of the following is the important finding in the research by Lepper et al. (1973) on the effects of reward
Declaration Date
The Declaration Date is the date on which a company's board of directors announces its next dividend payment, specifying the dividend's size, ex-dividend date, and payment date.
Dividend
A portion of a company's earnings that is paid to shareholders, usually on a quarterly basis, as a reward for owning the stock.
Liability
A company's financial debt or obligations that arise during the course of its business operations, required to be settled over time.
Stock Split
A corporate action that increases the number of shares in a company, leading to a decrease in the price per share while keeping the market capitalization the same.
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