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You purchased 2,000 shares of Zero Technologies several years ago at $50 per share. The company does not pay a regular cash dividend. You want to “manufacture” your own dividend by selling a little bit of stock each quarter. The company’s stock is currently trading at $75. If capital gains are taxed at 15 percent, how many shares would you have to sell to receive $3420 in cash?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91750105

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