15) You currently own 80 shares of XYZ stock that is selling for $40 a share. If the firm grants you an additional 4 shares, then the firm has declared a: 15) ______

A) cash dividend of $1 per share.

B) cash dividend of $1.60 a share which you reinvested in shares.

C) stock repurchase of 5%. D) stock dividend of 5%.

Please show work and explain why C is the correct answer and the other answer's are incorrect.