Natsam Corporation has $255 million of excess cash. The firm has no debt and 539 million shares outstanding with a current market price of $17 per share. Suppose the board decided to do a one-time share repurchase, but you, as an investor, would have preferred same position as if th board had elected to make the dividend payment instead? to receive a dividend payment. How can you leave yourself in the Which of the following is true regarding the effect of a one-time share repurchase on the stock price in a perfect market? (Select the best choice below.) O A. An open-market share repurchase decreases the share priee because the firm's assets decline by purchases of the shares O B. An open-market share repurchase has no effect on the stock price. ases the stock price due to the decrease marketplace O D. An open-market share repurchase has no effect on the stock price, but the stock price is not the same as the cum-dividend price if a dividend were paid instead. To leave yourself in the same position as if the board had elected to make the dividend payment instead, you can sell a percentage of your shares. The percentage you should sell is 11%. (Round to two decimal places.)