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Stock price around dividend. Atlantis Manufacturing, Inc. issues the following press release: Atlantis Manufacturing will pay a quarterly dividend of $0.80 per share to record

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Stock price around dividend. Atlantis Manufacturing, Inc. issues the following press release: "Atlantis Manufacturing will pay a quarterly dividend of $0.80 per share to record holders as of the 20th of this month on the 30th of this month. The company made this announcement on March 2, 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 $44.41 per share and the price does not change between March 2, 2014 and March 30, 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. O B. The price will be reduced by the amount of the dividend on March 2, 2014, the declaration date. The price will be reduced by the amount of the dividend on March 30, 2014, the payment date. C. O D. The price will be reduced by the amount of the dridend on March 18, 2014, the ex-dividend date. The price will be reduced by the amount of the dividend on March 20, 2014, the record date

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