Clovix Corporation has $51.84 million in cash, 9.6 million shares outstanding, and a current share price of $27. Clovix is deciding whether to use the $51.84 million to pay an immediate special dividend of $5.40 per share, or to retain and invest it at the risk-free rate of 10% and use the $5.18 million in interest earned to increase its regular annual dividend of $0.54 per share. Assume perfect capital markets a. Suppose Clovix pays the special dividend. How can a shareholder who would prefer an increase in the regular dividend create it on her own? b. Suppose Clovix increases its regular dividend. How can a shareholder who would prefer the special dividend create it on her own? a. Suppose Clovix pays the special dividend. How can a shareholder who would prefer an increase in the regular dividend create it on her own? (Select the best choice below.) O A. Borrow $27 today and use it to buy a share of Clovix stock. ( B. Sell a share of Clovix stock for $27 today and invest the proceeds to earn $2.70 in interest. O C. Borrow $5.40 today and use the increase in the regular dividend to pay the interest of $0.54 per year on the loan O D. Invest the $5.40 special dividend and earn interest of $0.54 per year b. Suppose Clovix increases its regular dividend. How can a shareholder who would prefer the special dividend create it on her own? (Select the best choice below.) O A. Sell a share of Clovix stock for $27 today and invest the proceeds to earn $2.70 in interest. ( B. Borrow $540 today and use the increase in the regular dividend to pay the interest of $0.54 per year on the loan O C. Invest the $5.40 special dividend and earn interest of $0.54 per year O D. Borrow $27 today and use it to buy a share of Clovix stock