Your portfolio is310 shares of Rising Sun Co. that currently sells for $48 a share. The company has announced a cash dividend of $1.04 per share with an ex-dividend date of tomorrow. Assume there are no taxes. What should you expect your portfolio value to be tomorrow morning assuming all else is held constant?

A) $15,144

B) $14,616

C) $14,880

D) $15,210

E) $15,026