試題詳解

6.(4%) Greenhouse Inc. has a current period cash flow of $2 million. The present value of the company's future cash flows is $30 million. The company is entirely financed with equity and has 800,000 shares outstanding. The board of director of Greenbouse Inc. decides to pay 40% of its current cash flow as cash dividends to its shareholders. Jenny currently owns 1,000 shares of Greenhouse stock. How much of additional shares she will have if she achieves a zero payout policy on her own?
(A) 25.00 shares
(B) 25.64 shares
(C) 26.67 shares
(D) 27.40 shares
(E) None of above