Theresa owns 50 shares of FloorMart Inc. The firm has a semiannual dividend policy of $0.75 per share or the option to reinvest the cash dividends into additional shares of company stock. If the stock is selling for $25.00 per share ex-dividend, how many shares of stock will Theresa receive in the next dividend period if she chooses the dividend reinvestment plan?

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Answer i Amount of divi... View the full answer