Clovix Corporation has $54.08 million in cash, 10.4 million shares outstanding, and a current share price of $32. Clovix is deciding whether to use the $54,08 million to pay an immediate special dividend of $5.20 per share, or to retain and invest it at the risk-free rate of 10% and use the $6.41 million in interest earned to increase its regular annual dividend of $0.52 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. Sell a share of Clovix stock for $32 today and invest the proceeds to earn $3.20 in interest. O B. Borrow $32 today and use it to buy a share of Clovix stock. OC. Invest the $5.20 special dividend and earn interest of $0.52 per year. OD. Borrow $5.20 today and use the increase in the regular dividend to pay the interest of $0.52 per year on the loan. Score: 0 of 1 pt 26 of 26 (14 complete) HW Score: 40.38%, 10.5 of 26 p P 17-26 (similar to) Question Help After the market close on May 11, 2001, Adaptec, Inc., distributed a dividend of shares of the stock of its software division, Roxio, Inc. Each Adaptec shareholder received 0.1626 share of Roxio stock per share of Adaptec stock owned. At the time, Adaptec stock was trading at a price of $10.55 per share (cum dividend), and Roxio's share price was $14.23 per share. In a perfect market, what would Adaptec's ex-dividend share price be after this transaction The ex-dividend share price would be sper share. (Round to two decimal places.)