Global Traders has common stock outstanding at a market price of $46 per share.The total market value of the firm is $5,754,600.The firm plans on liquidating one of its divisions for $620,000 in cash,after taxes,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) $5.197
B) $4.956
C) $4.620
D) $4.708
E) $4.782
Correct Answer:
Verified
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