Multiple Choice $1.75 $3.33 $3.45 $1.64 $3.22

Jonathan owns 500 shares of Restaurant Management stock. The company will pay per share dividends of $1.58 at the end of Year 1 and $1.64 at the end of Year 2 Jonathan does not want any dividend income during Year 1, but does want as much dividend income as possible during Year 2. He plans on creating his own homemade dividends and can borrow and lend at 7 percent Ignoring taxes, what will be his homemade dividend per share during Year 2? Multiple Choice O O O O O $175 $3.33 $3.45 $1.64 $3.22