Question: Kevin currently owns 800 shares of Cylon Incorporated Cylon has
Kevin currently owns 800 shares of Cylon, Incorporated. Cylon has a low-payout dividend policy, and this year will pay $0.35 cash dividend on its shares selling currently at $21.00. Kevin wants a high-dividend policy of 6% of the stock price. What will Kevin need to do to convert this low- dividend policy to a high-dividend policy for himself? Assume a world of no taxes.
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