Suppose an investor in the firm Diamax International is unhappy about its dividend policy. She currently owns

Question:

Suppose an investor in the firm Diamax International is unhappy about its policy. She currently owns 15% of Diamax and it currently pays no dividends. The investor would like to create a of $3.50 per share. She has decided to sell shares of Diamax in order to accomplish this. What number of shares must she sell if Diamax's is currently trading at $48.78 and there are one million shares outstanding?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...