A firm has $300 million of assets that includes $50 million of cash and 10 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 $3900?

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The Answer of A firm has $300 million of assets that includes $50 million of cash and 10 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 $3900?

A Firm Has $300 Million of Assets That Includes $50