If Luther decides to pay the dividend immediately the dividend per share will be closest to:

Name: If Luther decides to pay the dividend immediately the dividend per share will be closest to:
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Question

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The total amount of dividends to be paid is $500,000. There are 100,000 shares outstanding, so each share will receive $5.00 in dividends ($500,000 ÷ 100,000 shares = $5.00). Therefore, the closest answer choice is C, $5.00 per share.

If Luther Decides to Pay the Dividend Immediately the Dividend