P6.10 William Ross owns 300 shares of Blue Sky Corp. The company's board of directors recently declared a cash dividend of 40 cents a share payable April 18 (a Wednesday) to shareholders of record on March 22 (a Thursday). a. How much in dividends, if any, will William receive if he sells his stock on March 24 ? b. Assume William decides to hold on to the stock rather than sell it. If he belongs to the company's dividend reinvestment plan, how many new shares of stock will he receive i! the stock is currently trading at $30 and the plan offers an 8% discount on the share price of the stock? (Assume that all of William's dividends are diverted to the plan.) Will. William have to pay any taxes on these dividends, given that he is taking them in stock rather than cash