The Bartlett Company currently has 10 million common shares outstanding and pays a dividend of $2.50 per
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The Bartlett Company currently has 10 million common shares outstanding and pays a dividend of $2.50 per share on its common stock. Bartlett wants to repurchase shares such that the total dollar amount of dividends is reduced by 25%, but its dividend per share remains at $2.50. How many shares of stock must Bartlett buy back?
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Related Book For
Financial Management And Analysis (Frank J. Fabozzi Series)
ISBN: 9780471477617
2nd Edition
Authors: Frank J. Fabozzi, Pamela P. Peterson
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