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16. Firm A is an all-equity firm with $20 million assets and 0.5 million shares outstanding. The firn price before the divid going to pay

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16. Firm A is an all-equity firm with $20 million assets and 0.5 million shares outstanding. The firn price before the divid going to pay out $1 million of cash dividends next month. The share announcement was $40 per share. Mary owns 500 shares of Firm A's stock and would like to rece $4,000 cash income next month. How many shares would she need to buy or sell to receive the desi cash income next month? Assume a perfect capital market. A) Buy 75 shares B) Sell 75 shares C) Buy 79 shares D) Sell 79 shares E) Sell 100 shares

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