BBC will pay a dividend of $14 per share at the end of year 1...
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Finance
BBC will pay a dividend of $14 per share at the end of year 1 and a liquidation dividend of $122 per share at the end of year 2. The cost of equity is 11%. If you own 131 shares and want a total dividend of $1,348 at the end of year 1, how many shares do you buy/sell at the end of year 1? (Assume you can buy/sell any fraction of stock. Enter the number of shares to buy as a positive value and number of shares to sell as a negative value)
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