Northern Railroad has announced that it will buy back 1,000,000 of its 30,000,000 shares over the next year If the stock is selling for $23 40, what is the equivalent cash dividend that the company could pay If you owned 300 shares of stock, how many would you need to sell to get this cash equivalent dividend

Question: Northern Railroad has announced that it will buy back 1,000,000 of its 30,000,000 shares over the next year. If the stock is selling for $23.40,

Northern Railroad has announced that it will buy back 1,000,000 of its 30,000,000 shares over the next year. If the stock is selling for $23.40, what is the equivalent cash that the company could pay? If you owned 300 shares of stock, how many would you need to sell to get this cash-equivalent

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