An investment dealer borrows shares from Smith$$s account. The shares are sold, and held by Brown when the company declares a $$\mathrm{.}50$ per share dividend. How much dividend income will Smith and Brown see on a per$-$share basis?

a$.$ Smith will receive $$\mathrm{.}50$ and Brown will receive nothing.

b$.$ Smith will receive $$\mathrm{.}25$ and Brown will receive $$\mathrm{.}25.$

c$.$ Smith will receive nothing and Brown will receive $$\mathrm{.}50.$

d$.$ Smith will receive $$\mathrm{.}50$ and Brown will receive $$\mathrm{.}50.$