Jake purchased 100 shares of AAA stocks on Thursday, March 25. John purchased 50 shares of AAA stocks on Friday, March 26. AAA company declared a dividend on February 12 to shareholders of record on March 29 and payable on May 1. Which one of the following statements concerning the dividend paid on May 1 is correct given this information? A. Neither Jake nor John is entitled to the dividend B. Jake is entitled to the dividend, but John is not C. John is entitled to the dividend, but Jake is not D. Both Jake and John are entitled to the dividend E. Both John and Jake are entitled to one-half of the dividend amount