Stock price around dividend. Atlantis Manufacturing, Inc. issues the following press release: "Atlantis Manufacturing will pay a quarterly dividend of $0.50 per share to record holders as of the 10th of this month on the 20th of this month." The company made this announcement on July 3, 2014. There is a two-day settlement for stock transactions. Determine what the stock price of Atlantis Manufacturing will be after the cash dividend announcement in a world of no taxes. Assume the current price is $54.66 per share and the price does not change between July 3, 2014 and July 20, 2014 other than for the cash dividend. On what day does the price change? What is the cost to a buyer after the announcement? What is the sales revenue to a seller after the announcement? On what day does the price change? (Select the best response.) O A. The price will be reduced by the amount of the dividend on July 3, 2014, the declaration date. B. The price will be reduced by the amount of the dividend on July 20, 2014, the payment date. C. The price will be reduced by the amount of the dividend on July 3, 2014, the ex-dividend date. D. The price will be reduced by the amount of the dividend on July 10, 2014, the record date. What is the net cost to a buyer before the ex-date? (Round to the nearest cent.)