PT$.$ CAXOE, in its public presentation, said that for the $2023$ financial year, the company will distribute two types of dividends, namely:

$-$ Cash dividends: Rp$.375$ per share

$-$ Stock dividends: $3,937,500$ shares

It is known that the total shares currently in circulation are $22,500,000$ shares and are trading at Rp$.3600$ per share.

The dates related to the distribution of shares are:

The dates related to the distribution of shares are: Public exposure date: $25-$Apr$-24$

Cum Date$/$ Ex$-$Dividend Date : $8-$May$-24$

Recording Date:$9-$May$-24$

Payment Date:$20-$May$-24$

What is the share price of PT$.$ CAXOE, Tbk$.$ on :

$($assumption: there are no other factors that influence share prices$)$

A$.25-$Apr$-24?$

B$.8-$May$-24?$

C$.9-$May$-24?$

D$.20-$May$-24?$

This matter does not only cover cash dividends, but is one with stock dividends.

Please pay attention to the effect of stock dividends on share prices $($similar to a stock split$)$