Business, 04.07.2020 19:01 Softball6286
EsIMPLE is a firm with a stock price of $50 per share. The firm has decided to not pay the usual dividend of $2.50 per share. Kelly, a shareholder on the record of EsIMPLE, has 400 shares that she purchased two years ago for $35 per share. Kelly needs cash and decides to create for herself the $2.50 per share dividend that she would have received as a shareholder. Which of the following comes closest to the total amount that Kelly gets to keep from this transaction if the tax rate on capital gains is 20%?a. $1,000 b. $940 c. $840 d. $760 e. $800
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EsIMPLE is a firm with a stock price of $50 per share. The firm has decided to not pay the usual div...
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