A firm has $400 million of assets that includes $50 million of cash and 10 million shares outstanding. The firm uses $40 million of its cash to pay dividends. If an investor has 1000 shares, how many shares must she sell to create a homemade dividend of $4900?

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The Answer of A firm has $400 million of assets that includes $50 million of cash and 10 million shares outstanding. The firm uses $40 million of its cash to pay dividends. If an investor has 1000 shares, how many shares must she sell to create a homemade dividend of $4900?

A Firm Has $400 Million of Assets That Includes $50