Multiple Choice
A firm has $400 million of assets that includes $50 million of cash and 10 million shares outstanding.The firm uses $40 million of its cash to pay dividends.If an investor has 1000 shares,how many shares must she sell to create a homemade dividend of $4900?
A) 25 shares
B) 30 shares
C) 35 shares
D) 40 shares
E) 45 shares
Correct Answer:
Verified
Correct Answer:
Verified
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