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A Firm Has $400 Million of Assets That Includes $40

Question 81

Multiple Choice

A firm has $400 million of assets that includes $40 million of cash and 12 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 $4,900?


A) 52.22 shares
B) 41.78 shares
C) 62.67 shares
D) 73.11shares

Correct Answer:

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