A non-profit organization (called XYZ) recently receives a dontation of 500,000 shares of IBM stock.Its capital gain and dividend income are tax exempt. In terms of its preference for stock repurchase or cash dividend from IBM, which of the following statement is correct?

	a.	XYZ prefers cash dividend
	b.	XYZ prefers stock repurchase
	c.	XYZ is indifferent between cash dividend and stock repurchase
	d.	No correct answer in this question