On the Date of Record,the Stock Price Drop Related to the Dividend

Multiple Choice

On the date of record,the stock price drop related to the dividend is

A) a full adjustment for the dividend payment.
B) a partial adjustment for the dividend payment because of the tax effect.
C) zero because the adjustment occurs on the ex-dividend date.
D) zero because the adjustment occurs on the payment date.
E) generally greater than the dividend amount.