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Firm A has a dividend reinvestment plan for its shareholders. Historically, approximately 55 percent of the shareholders will take advantage of the dividend reinvestment plan,

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Firm A has a dividend reinvestment plan for its shareholders. Historically, approximately 55 percent of the shareholders will take advantage of the dividend reinvestment plan, and shares are sold at 95 percent of the current market price. The company has declared a cash dividend that will provide $1,000,000 in dividends. If the current market price of the company's shares is $25.00, how many new shares will the company expect to issue? Assume that the company can issue partial shares.) n. 42,105.26 . 40,000.00 . 27,368.42 1. 14,736.84

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