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A firm has $300 million of assets that includes $50 million of cash and 10 million shares outstanding. The firm uses $30 million of its
A firm has $300 million of assets that includes $50 million of cash and 10 million shares outstanding. The firm uses $30 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 $3900?
Question options:
40.2 shares
65.6 shares
50.5 shares
33.3 shares
60.3 shares
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