Merdin Inc has $460 million of assets, $90 million of which is cash and it uses $69 million of its cash to pay dividends. The firm has 23 million shares outstanding . If you own 2000 shares of Merdin Inc, how many shares should you sell to create a homemade dividend of $14000?

Answer rating: 100% (QA)

To create a homemade dividend of 14000 you need to sell enough shares to generate that amount of ca... View the full answer