Next Page Page 1 of 5 Question 1 (1 point) Assume that you own 500 shares where price per share is $40. There are no personal taxes on dividends. If you need $400 in cash, but the firm only pais $0.25 per share in cash dividend. For this purpose, if you have to sell right after the dividend is being paid out, how many number of shares do you need to sell? (Assume you can sell fractional number of shares) 7 6.96 6.88 6.5 06.92 Page 1 of 5