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Jenny hold 1000 shares of C corp. The C corp. has 12 million shares outstanding. The value of assets of the C corp. is $400
Jenny hold 1000 shares of C corp. The C corp. has 12 million shares outstanding. The value of assets of the C corp. is $400 million which includes $50 millions of cash. The C corp. is expected to pay $40 million as dividend. What Jenney should do if she needs a dividend of $4,900.
(A) Buy 52.22 shares
(B) Buy 25.22 shares
(C) Sell 25.22 shares
(D) Sell 52.22 shares
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