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100% Question 15 Q Ma Jenny hold 1,000 shares of C corp. The C corp. has 12 million shares outstanding. The value of assets of the C corp. is $400 million which includes $50 m The C corp. is expected to pay $40 million as dividend. What Jenny should do if she needs a dividend of $4,900. arch Buy 52.22 shares Sell 25.22 shares Sell 52 22 shares Buy 25.22 shares 35°C Haze 4× ENG​

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JohnPositivity
To find out how many shares Jenny needs to reach her desired dividend of $4,900, we first calculate the dividend per share.

Dividend per share = Total dividend / Total shares outstanding

In this case, the dividend per share is $40,000,000 / 12,000,000 shares = $3.33 per share.

Next, we determine the number of shares Jenny needs to receive her desired dividend:

Number of shares needed = Desired dividend / Dividend per share

This gives us $4,900 / $3.33 ≈ 1470 shares.

Since Jenny already holds 1,000 shares, she needs to buy an additional approximately 470 shares to reach her desired dividend amount.

However, none of the given options match this calculation. The closest option is "Buy 52.22 shares," but it is not the correct answer.

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