Er manct Value SHE l 13% QUESTION 5 (4 PTS) Schaeffer Shippers announced that it will pay a dividend of $5.00 per share to all holders on record as of May 31". The firm's stock price is currently at $70 per share. Assume that all investors are in the 30% tax bracket and the corporate tax rate is 35%. Given that the ex-dividend date is May 29, what should happen to Schaeffer's stock price on May 29? A. It will not change. B. It will decline to $66.75 per share. 5(1-.3.)/(1-35) - C. It will decline to $66.50 per share. D. It will decline to $65 per share. E. None of the above 1:54