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Change to high-dividend-payout policy. Kevin currently owns 1,200 shares of Cylon, Inc. Cylon has a low-dividend-payout policy and this year will pay a $0.25 cash

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Change to high-dividend-payout policy. Kevin currently owns 1,200 shares of Cylon, Inc. Cylon has a low-dividend-payout policy and this year will pay a $0.25 cash dividend on its shares, which are seling currently at $21.00. Kevin wants a high-dividend payout policy of 5% of the stock price. What will ke n need to do to convert this low-dividend-payout policy to a high-dividend-payout policy for himself? Assume a world of no taxes and transaction costs. What will Kevin need to do to convert this low-dividend-payout policy to a high-dividend-payout policy for himself? (Select the best response.) 0 A. Kevin needs to purchase 4571 more shares of stock. B. Kevin needs to sell 46.27 shares of stock. C. Kevin needs to sell 4571 shares of stock. O D. Kevin needs to do nothing. O E. Kevin needs to purchase 46.27 more shares of stock

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