Stanley Equipment plans to announce a dividend of $2.50 per share on October 1st. The dividend will be issued to shareholders of record as of October 31 st and the shares will begin trading ex-dividend on November 1st. Dividnds will be paid on December 10 th. The current stock price is $25.00. When will the stock price change to adjust for the dividend and what will the new price be? November 1st, \$22.50 October 1st, $22.50 December 10th,$22.50 October 1st, $27.50