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  3. assume you own 6,000 shares of stock in a company

Assume you own 6,000 shares of stock in a company that is expected to pay...

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Accounting

Assume you own 6,000 shares of stock in a company that is expected to pay a dividend in the amount of $2.25 per share a year from now. Currently, the stock sells for $100 per share. A year from now just after the $2.25 dividend is paid, the stock is expected to sell for $80 per share.

If you want to create homemade dividends so that you receive exactly $14,300 a year from now, how many shares will you own immediately after you created the homemade dividends (i.e. after you sold or purchased shares to create your preferred cash flow amount)?

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