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27. Company CNN is selling its stock at a price of $35 today with total outstanding shares of 100000 . The company is current paying

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27. Company CNN is selling its stock at a price of $35 today with total outstanding shares of 100000 . The company is current paying no tax and the WACC is 12%. The company will pay a dividend of $0.60 in one year, followed by a liquidating dividend in two years. The DPR is 100%. If an investor holds 100 shares in the company and wishes to use homemade dividends to create equal dividends in both periods, what should he/she do? A) The investor will sell 47.9030 shares in year 1 and keep 52.096 shares to get the liquidating dividend of \$49.826, which will allow him to get the same amount of dividend each year. B) The investor will sell 52.096 shares in year 1 and keep 47.9030 shares to get the liquidating dividend of $43.232, which will allow him to get the same amount of dividend each year. C) The investor will buy 53 shares in year 1 and sell 47 shares to get the liquidating dividend of $41, which will allow him to get the same amount of dividend each year. D) The investor will sell 52 shares in year 1 and put $4790 in the bank account. E) The investor will buy 52.96 shares in year 1 and invest 100 shares to get the liquidating dividend of \$45.232, which will allow him to get the same amount of dividend each year

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