176 Creating own dividend policy.Carmen owns 250,000 shares of Wiseguy Entertainment. Wiseguy has just declared a $0.25 per share dividend on a stock selling at $28.25. What must Carmen do if she wants no cash dividends at thistime, $57,500 worth ofdividends, or $72,500 worth ofdividends? Show her wealth in paper and cash under each scenario. Assume a world of no taxes.

(6 part answer)