Natsam Corporation has $256 million of excess cash. The firm has no debt and 548 million shares outstanding with a current market price of $11 per share. Suppose the board decided to do a one-time share repurchase, but you, as an investor, would have preferred to receive a dividend payment. How can you leave yourself in the same position as if the board had elected to make the dividend payment instead? Vhich ot the tollowing is true regarding the ettect of a one-time share repurchase on the stock price in a pertect market? (Select the best choice below.) O A. 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 O B. An open-market share repurchase decreases the share price because the firm's assets decline by purchases of the shares. OC. An open-market share repurchase increases the stock price due to the decrease in shares in the marketplace. D. An open-market share repurchase has no effect on the stock price. 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 1 %. (Round to two decimal places.)