C-17 q3 please help me with all 5 parts

Stock price around dividend.Atlantis Manufacturing, Inc. issues the following press release: "Atlantis Manufacturing will pay a quarterly dividend of $0.60 per share to record holders as of the 12th of this month on the 26th of this month." The company made this announcement on November 5, 2014. There is a two-day settlement for stock transactions. Determine what the stock price of Atlantis Manufacturing will be after the cash dividend announcement in a world of no taxes. Assume the current price is $42.41 per share and the price does not change between November 5, 2014 and November 26, 2014 other than for the cash dividend. On what day does the price change? What is the cost to a buyer after the announcement? What is the sales revenue to a seller after the announcement?

On what day does the price change? (Select the best response.)

A.The price will be reduced by the amount of the dividend on

November 5, 2014, the declaration date.

B.The price will be reduced by the amount of the dividend on

November 12, 2014, the record date.

C.The price will be reduced by the amount of the dividend on

November 26, 2014, the payment date.

D.The price will be reduced by the amount of the dividend on

November 10, 2014, the ex-dividend date.