Order the answer to: Suppose an investor in the…
| Question | Suppose an investor in the firm Diamax International is unhappy about its dividend policy. She currently owns 15% of Diamax and it currently pays no dividends. The investor would like to create a dividend of $3.50 per share. She has decided to sell shares of Diamax in order to accomplish this. What number of shares must she sell if Diamax’s is currently trading at $48.78 and there are one million shares outstanding? |
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| Subject | business-corporate-finance |
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