A firm has $500 million of assets that includes $50 million of cash and 10 million shares outstanding. The firm uses $50 million of its
A firm has $500 million of assets that includes $50 million of cash and 10 million shares outstanding. The firm uses $50 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 $6575.
A) 35 shares
B) 40 shares
C) 30 shares
D) 25 shares
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Authors: Mark J. P. Anson
2nd Edition
047198020X, 978-0471980209
