Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Little Book Of Market Wizards Lessons From The Greatest Traders

Authors: Jack D. Schwager

1st Edition

1118858697, 978-1118858691

More Books

Students also viewed these Finance questions

Question

What is Indian Polity and Governance ?

Answered: 1 week ago