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SHOW THE CALCULATIONS AND EXPLAIN THE STEPS. THANKS 29. AlmostDone Corp. (ADC) is an all-equity firm that will pay a dividend of $21/share next year

image text in transcribedSHOW THE CALCULATIONS AND EXPLAIN THE STEPS. THANKS

29. AlmostDone Corp. (ADC) is an all-equity firm that will pay a dividend of $21/share next year and a liquidating dividend of $16 at the end of the 2nd year. The current stock price is $31.51 you were to use homemade dividends to generate equal dividends over the next two years, how many shares would you need to buy or sell at the end of the first year? Assume fractional shares can be bought and sold. Tip: use two decimal places on per-share dividends and whole numbers (no decimals) for total dividends. A) You would need to buy 224.69 shares at the end of the first year. B) You would need to buy 337.14 shares at the end of the first year. C) You would need to buy 495.45 shares at the end of the first year. D) You would need to sell 442.50 shares at the end of the first year. E) You would need to sell 298.41 shares at the end of the first year

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