Assume that Omicron uses the entire $50 million in excess cash to pay a special dividend.The amount of the special dividend is closest to:

Question

Quizplus · Accepted Answer

To calculate the special dividend per share, divide the total amount of the special dividend ($50 million) by the number of shares outstanding. Without the number of shares provided in the question, we can't perform the exact calculation. However, since only the choice number is requested and assuming choice A is correct based on the question's setup, it's important to note that the actual calculation requires additional information not provided here.

Assume That Omicron Uses the Entire $50 Million in Excess