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A firm has $200 million of assets that includes $60 million of cash 8 million shares outstanding. The firm uses $20 million of its cash
A firm has $200 million of assets that includes $60 million of cash 8 million shares outstanding. The firm uses $20 million of its cash to pay dividends. If an investor has 1000 shares, how many shares must he sell to create a homemade dividend of of $3,900?
A. 87.11 shares B. 49.78 shares C. 74.67 shares D. 62.22 shares
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