A Firm Has $300 Million of Assets That Includes $50

question 6

Multiple Choice

A firm has $300 million of assets that includes $50 million of cash and 10 million shares outstanding.The firm uses $30 million of its cash to pay dividends.If an investor has 1000 shares,how many shares must he sell to create a homemade dividend of $3900.

• A)33.3 shares
• B)40.2 shares
• C)50.5 shares
• D)60.3 shares

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