Susan owns 5,000 shares of Pioneer Co, which are trading for $136.34 per share. Pioneer Co usually declares an annual dividend of $5 per share, which Susan had used to buy electronics. However, Pioneer announced that this year there would be no dividends paid because it would use the funds to invest in a positive NPV project instead. Susan decides that since she would not be receiving the dividends, she would sell an equivalent amount of Pioneer shares instead. How many Pioneer shares would Susan need to sell so that she would have the same outcome as receiving the dividends? (Round to the nearest two digits)

Answer rating: 100% (QA)

The Pioneer Co shares that Susan need to sell are 18336 or 18337 approx Solution Give... View the full answer