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How many shares must he sell to create a homemade dividend

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Question - A firm has $300 million of assets that includes $40 million of cash and 8 Million shares outstanding. The firm uses $30 million of its cash to pay dividends. If an investor has 1000 shares, how many shares must he sell to create a homemade dividend of $6575?

a. 67

b. 100

c. 84

d. 117

Reference no: EM133187278

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