How many shares do you buy

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BBC will pay a dividend of $106 per share at the end of year 1 and a liquidation dividend of $153 per share at the end of year 2. The cost of equity is 11.9%. If you own 243 shares and want equal dividends at the end of years 1 and 2, how many shares do you buy/sell at the end of year 1? (Assume you can buy/sell any fraction of stock. Enter the number of shares to buy as a positive value and number of shares to sell as a negative value)

Reference no: EM133071930

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