International Traders has common stock outstanding at a market price of $53 per share.The total market value of the firm is $6,603,800.The firm plans on liquidating one of its divisions for $550,000 in cash and distributing the proceeds to the shareholders in the form of a liquidating dividend.What will be the amount per share of that dividend?
A) $3.197
B) $4.414
C) $4.620
D) $4.714
E) $4.782
Correct Answer:
Verified
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