Juno Animation Inc. announced on June 1st that it would pay a dividend of $1.20 per share on July 15^thto all holders of record as of June 30^th. The dividend tax rate for all investors is 20 percent, and no capital gain tax applies. The firm's stock price is $42 a share today. Tomorrow is the ex-dividend date. Holding all else constant, what would you expect the stock price to be tomorrow?

a.40.80

b.41.04

c.42.94

d.43.20