Chapter15: Dividend Policy
Section: Chapter Questions
Problem 5P
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Question
Your corporation is evaluating declaring a cash dividend or declaring a share repurchase. In either case your corporation only has $10,000 to spend. Your corporation has 700 shares of stock outstanding that is currently selling for $55.00 per share. Please show your calculations in the space provided.
What would be the amount of cash dividend per share if your corporation declares a cash dividend?
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