After announcing a full-year dividend of $0.82 the Red Rum Company's cum dividend share price was $16.50. Immediately after ongoing ex-dividend, the shares are trading at $15.88.There are no taxes. All other things being equal the current price level could best be attributed to:

i)Investor's positive expectations about growth opportunities

ii)A company announcement that management had successfully resolved a long-running pay dispute with employees.

iii)Concerns that a new project will not deliver the forecast cash flows expected

Select one:

a.Statement i) only

b.Statement ii) only

c.Statement iii) only

d.Either statements i) and ii)

e.Either statements ii) and iii)