Consolidated now decides to increase next years dividend to $20 a share, without changing its investment or

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Consolidated now decides to increase next years dividend to $20 a share, without changing its investment or borrowing plans. Thereafter the company will revert to its policy of distributing $10 million a year. What will be the transfer of value from the old shareholders to the new shareholders? (Enter your answer in millions.)

Posted Date: Jun 25, 2024 11:55 PM

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Consolidated now decides to increase next years dividend to $20 a share, without changing its investment or

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