Dividend Policy and Firm Value: You Purchased 8,000 Shares of NoDiv

question 75

Multiple Choice

Dividend policy and firm value: You purchased 8,000 shares of NoDiv Technologies several years ago at $20 per share. The company does not pay a regular cash dividend. You want to "manufacture" your own dividend by selling a little bit of stock each quarter. The company's stock is currently trading at $60. If capital gains are taxed at 15 percent, how many shares would you have to sell to receive $2,000 in cash?

• A) 30 shares
• B) 33 shares
• C) 37 shares
• D) 39 shares

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Definitions:

Admission Assessment

The initial evaluation conducted when a patient is admitted to a healthcare facility to establish a baseline for care.

Patient's Husband

The spouse of an individual receiving medical care or treatment.

Interrupts

Signals that temporarily halt the normal execution of a program or device operation in order to process a higher priority task.

Back-channeling

The use of non-verbal cues and short verbal responses to indicate that one is listening and understanding in a communication situation.