Ignore time value and discounting for this question. If the marginal investor has a tax rate of $33\%$ and a company has announced a dividend of $$3\mathrm{.}00$ :

A$)$ the price of stock should decrease by $$2\mathrm{.}00$ immediately after the date of record.

B$)$ the price of stock should decrease by $$2\mathrm{.}00$ immediately after the ex$-$dividend date.

C$)$ the price of stock should decrease by $$4\mathrm{.}48$ immediately after the date of record.

D$)$ the price of stock should decrease by $$4\mathrm{.}48$ immediately after the ex$-$dividend date.

E$)$ both b & c$.$