Question: Joan currently owns 800 shares of RST Inc RST has
Joan currently owns 800 shares of RST Inc. RST has a high-dividend-payout policy and this year will pay $3.00 cash dividend on its shares selling currently at $30.00 per share. Joan wants a low-dividend-payout policy of 5% of the stock price. What will Joan need to do to convert this high-dividend-payout policy to a low dividend-payout policy for her?
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