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Natsam Corporation has $250 million of excess cash. The firm has no debt and 500 million shares outstanding with a current market price of $

Natsam Corporation has $250 million of excess cash. The firm has no debt and 500 million shares outstanding with a current market price of $ 15 per share. Suppose the board decided to do a one-time share repurchase, but you, as an investor, would have preferred to receive a dividend payment. How can you leave yourself in the same position as if the board had elected to make the dividend payment instead? To receive your dividend, the percentage of your shares you should sell is ?%. (Round to two decimal places.)

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