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A firm has $300 million of assets that includes $50 million of cash and 10 mil...
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A firm has $300 million of assets that includes
$50 million of cash and 10 million shares outstanding. The firm uses $30 million of its cash to pay
dividends. If an investor has 1 000 shares, how many shares must he sell to
create a homemade dividend of $3 900?
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