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A firm has $300 million of assets that includes $40 million of cash and $8 million shares outstanding. The firm uses $30 million of its
A firm has $300 million of assets that includes $40 million of cash and $8 million shares outstanding. The firm uses $30 million of its cash to pay dividends. If an investor has 100 shares, how many shares he has to sell to create a homemade dividend of $6,575?
A.67 shares
B.100 shares
C.117 shares
D.84 shares
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