International Traders Has Common Stock Outstanding at a Market Price

question 21

Multiple Choice

International Traders has common stock outstanding at a market price of $53 per share.The total market value of the firm is $6,603,800.The firm plans on liquidating one of its divisions for $550,000 in cash and distributing the proceeds to the shareholders in the form of a liquidating dividend.What will be the amount per share of that dividend?

• A)$3.197
• B)$4.414
• C)$4.620
• D)$4.714
• E)$4.782

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Definitions:

Customer Service

The support and assistance provided by a company to those who buy or use its products or services.

Marketers

Professionals or organizations who promote and sell products or services to consumers or other businesses.

Excellent

Refers to a high level of quality or superiority.

Emotional Support

Assistance provided through empathy, concern, and understanding to help individuals cope with stress or emotional burdens.