Types of Dividends: You Own 20,000 Shares of Stock in Casi-Knows

question 55

Multiple Choice

Types of dividends: You own 20,000 shares of stock in Casi-knows, Inc., which has just sold one of its large resort hotels for $300 million. Management intends to return the entire revenue from the sale to shareholders by issuing a special dividend. If Casi-knows has 20 million shares outstanding, how large a dividend payment do you expect to receive?

• A) $20,000
• B) $200,000
• C) $300,000
• D) $1,000,000

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Definitions:

Chorion

The outermost membrane surrounding an embryo in mammals, birds, and reptiles, contributing to the formation of the placenta in placental mammals.

Amnion

A thin membrane forming a closed sac around the embryo in birds, reptiles, and mammals.

Yolk Sac

An extra-embryonic membrane that provides food in the form of stored yolk to the developing embryo in eggs and early vertebrates.

Epididymis

A long, coiled tube located at the back of the testis that stores and carries sperm.