The Ex-Dividend Day Behavior of Stock Prices; A Re-Examination of the Clientele Effect: A Comment

Authors

  • EDWIN J. ELTON,

  • MARTIN J. GRUBER,

  • JOEL RENTZLER

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    • Elton and Gruber are from the Graduate School of Business Administration, New York University, and Rentzler is from the City University of New York. This paper was initially accepted by Mike Brennan. On subsequent revisions, Bob Litzenberger acted as editor.

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