Get Real Inc. has announced that it will buy back 3,000,000 of its 27,000,000 shares over the

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Get Real Inc. has announced that it will buy back 3,000,000 of its 27,000,000 shares over the next year. If the stock is selling for $15.30, what is the equivalent cash dividend that the company could pay? If you owned 500 shares of stock, how many would you need to sell to get this cash- equivalent dividend?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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