Suppose your 10,000 shares were originally purchased for $3 per shares, the dividend income is subject to a 30% income tax rate, and capital gains are taxed at half the regular tax rate of 40%. How much more or less tax will you pay in creating home-made dividend if the firm were to use its $40,000 excess cash to buy back its stock? $800 $880 $900 $950 None of the above