Homework Help is Here – Start Your Trial Now!
Business
Finance
Jenny hold 1,000 shares of C corp. The C corp. has 12 million shares outstanding. The value of assets of the C corp. is $400 million which includes $50 million of cash. The C corp. is expected to pay $40 million as dividend. What Jenny should do if she needs a dividend of $4,900. (A) Buy 52.22 shares (B) Buy 25.22 shares (C) Sell 25.22 shares (D) Sell 52.22 shares

Jenny hold 1,000 shares of C corp. The C corp. has 12 million shares outstanding. The value of assets of the C corp. is $400 million which includes $50 million of cash. The C corp. is expected to pay $40 million as dividend. What Jenny should do if she needs a dividend of $4,900. (A) Buy 52.22 shares (B) Buy 25.22 shares (C) Sell 25.22 shares (D) Sell 52.22 shares

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
See similar textbooks
icon
Related questions
Question
100%
Jenny hold 1,000 shares of C corp. The C corp. has 12 million shares outstanding. The value of assets of the C corp. is $400 million which includes $50 million of cash. The C corp. is expected to pay $40 million as dividend. What Jenny should do if she needs a dividend of $4,900. (A) Buy 52.22 shares (B) Buy 25.22 shares (C) Sell 25.22 shares (D) Sell 52.22 shares
Transcribed Image Text:Jenny hold 1,000 shares of C corp. The C corp. has 12 million shares outstanding. The value of assets of the C corp. is $400 million which includes $50 million of cash. The C corp. is expected to pay $40 million as dividend. What Jenny should do if she needs a dividend of $4,900. (A) Buy 52.22 shares (B) Buy 25.22 shares (C) Sell 25.22 shares (D) Sell 52.22 shares
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Sales and Other Dispositions of Assets
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS