Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Merdin Inc has $460 million of assets, $90 million of which is cash and it uses $69 million of its cash to pay dividends. The
Merdin Inc has $460 million of assets, $90 million of which is cash and it uses $69 million of its cash to pay dividends. The firm has 23 million shares outstanding . If you own 2000 shares of Merdin Inc, how many shares should you sell to create a homemade dividend of $14000? (Do not use the $ sign. If your answer is 1,234.56, please enter 1234.56)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started