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Moose Pastures Inc has announced dividends totalling $ 1 million will be paid to shareholder of record next month. MPI shares trade for $ 5
Moose Pastures Inc has announced dividends totalling $ million will be paid to shareholder of record next month. MPI shares trade for $ each and there are shares outstanding. Abdul is a shareholder of MPI and he owns shares. He needs $ next month to buy a car and he is hoping to use his MP investment to cover the cost of the car he wants to purchase.
Assuming a perfect capital market and no changes in the price of MPI shares other than the dividend effects, what actions must Abdul take to guarantee he can purchase his new car. Ignore tax effects or time value of money
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