It is August 14th and John has just purchased 100 shares of Cash Cow Inc. for​ $1,200 with a settlement date of August 16th. Cash Cow recently declared a dividend of​ $1.00 per share payable to shareholders of record as of August 15th. How much money did John pay for the right to the recently declared​ dividend? A. John paid​ $0.00 for the dividend because he was not the shareholder of record on August 15th. ​Therefore, the dividend payment went to the previous owner of the stock. B. John paid​ $100.00 for the dividend because he purchased the stock prior to the dividend record date. C. John paid​ $50.00 for the dividend because the record date was between purchase date of August 14th and the settlement date of August 16th. ​Therefore, the dividend payment is shared equally between the previous owner of the stock and John. D. This is a complicated issue and not easily answered.​ Thus, there is not enough information to answer this question.