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Marcus owns 5 0 0 shares of Pharmacon Inc. The firm pays a quarterly dividend of $ 0 . 5 0 per share with the
Marcus owns shares of Pharmacon Inc. The firm pays a quarterly dividend of $ per share with the option to participate in a dividend reinvestment program and reinvest the cash dividends into additional shares of company stock each quarter. If the stock is selling for $ per share exdividend, how many shares of stock will Marcus receive in the next dividend period if he chooses the dividend reinvestment plan?
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