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The Market Reaction To Stock Splits Used as Dividends

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Figure

Figure 1: Cumulative Abnormal Returns Around the Announcement in case 1
Table 4: Cumulative Abnormal Returns Around the Execution in case 2
Table 5: Abnormal Returns Around the Announce-ment in case 3
Table 8: Cumulative Abnormal Returns Around the Execution in case 4
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