On Friday, May 11, Hometown Power Co.'s board of directors declares a dividend of $0.75 per share payable on June 21 to shareholders of record on Wednesday, June 13. The ex-dividend date is two business days before the date of record. a. On Monday, June 11 you sell the Hometown stock that you have held for 5 years. Do you receive the dividend that is paid on June 21"? b. If Hometown's stock closes at $32.40 on Friday, June 8, what is the opening price on Monday, June 11th? c. Briefly explain why, from a taxation perspective, cash dividends are less preferred to stock repurchases