How many shares must he sell to create a homemade dividend

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Reference no: EM13806685

A firm has $500 million of assets that includes $50 million of cash and 10 million shares outstanding. The firm uses $50 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) 35 shares

B) 40 shares

C) 30 shares

D) 25 shares

Reference no: EM13806685

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