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11. You own 5,760 shares that currently sell for $108 per share. A year from...

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Finance

11. You own 5,760 shares that currently sell for $108 per share. A year from now, you expect the company to pay a dividend per share in the amount of $1.80 and the stock to sell for $57.60 per share immediately after this $1.80 dividend is paid. If you want to receive exactly $4,896 a year from now, how many shares do you expect to own immediately after you create your desired cash flow amount of $4,896 by using homemade dividends?

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