I LOVE NY, which was operating in the U.S., announced on 1 June 1992 that it would pay a dividend of $5.00 per share on 15 July 1992 to all shareholders of record as of 30 June 1992. Assume that the average investor was in the 35% tax bracket (which is the personal income tax rate at which dividends are taxed), and that the capital gains tax rate for the average investor was 28%. Given that the ex-dividend date was 26 June 1992, what would be the expected payout-related company stock price change on 26 June 1992? Group of answer choices(a) Drop by the amount of the dividend $5. (b) Increase by the amount of the dividend $5. (c) Drop by less than the amount of the dividend $5. (d) Remain the same. (e) Increase by more than the amount of the dividend $5.