ABC, Inc. has just announced today that it would pay $1/share dividends to each shareholder of record on June 5, 2019 (Wed).Its current share price is $30 and its shareholders' average tax rate is 30%.Assume that there are no other news or developments that will affect the stock prices between now and the dates: (A) What will likely be the price of its stock on June 4, 2019 (Tue)?(B) What will likely be the price on June 3 (Mon)?(C) Instead of paying $1 in cash, the company announced today that it would use the aggregate equivalent of $1/share dividends to buy back outstand shares, would its share price increase or decline upon the announcement?Explain.