You own 20,000 shares of stock in Casi-knows, Inc. which has just sold one of its large resort hotels for $300 million. Management intends to return the entire revenue from the sale to shareholders by issuing a special dividend. If Casi-knows has 20 million shares outstanding, what would you expect to receive as a dividend?
A) $20,000
B) $200,000
C) $300,000
D) $1,000,000
Correct Answer:
Verified
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