Suppose the board decided to do a one-time share repurchase


Natsam Corporation has $ 350million of excess cash. The firm has no debt and 700million shares outstanding with a current market price of $ 20 per share. Suppose the board decided to do a? one-time share? repurchase, but? you, as an? investor, would have preferred to receive a dividend payment.

To receive your? dividend, the percentage of your shares you should sell is ______%. (Round to two decimal? places.)

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Financial Management: Suppose the board decided to do a one-time share repurchase
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