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

question 2

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
• E)65.6 shares