Seashore Salt Co. has surplus cash. Its CFO decides to pay back $4 per share to investors by initiating a regular dividend of $1 per quarter or $4 per year. The stock price jumps to $90 when the payout is announced. a) Why does the stock price increase? b) What happens to the stock prices when the stock goes ex-dividend? Assume instead of that the CFO announces a stock repurchase of $4 per share instead of a cash dividend. a) What happens to the stock price when the repurchase is announced? Wold you expect the price to increase to $90? Explain briefly. b) Suppose the stock is repurchased immediately after the announcement. Would the repurchase result in an additional stock-price increase