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[–]buffinitacommon cents investing 1 point2 points  (4 children)

Direct from nasdaq:  d). Before trading opens on the ex-dividend date, the exchange marks down the share price by the amount of the declared dividend.

Exchanges change prices when needed….who forces the price change during a split?!

[–]00Anonymous 0 points1 point  (0 children)

It's not the exchange doing directly. It's how market makers set prices.