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Creating own dividend policy. Carmen owns 300,000 shares of Wiseguy Entertainment. Wiseguy has just declared a $0.20 per share dividend on a stock selling at
Creating own dividend policy. Carmen owns 300,000 shares of Wiseguy Entertainment. Wiseguy has just declared a $0.20 per share dividend on a stock selling at $25.20. What must Carmen do if she wants no cash dividends at this time, $40,000 worth of dividends, or $80,000 worth of dividends? Show her wealth in paper and cash under each scenario. Assume a world of no taxes
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