Suppose you have 100 common shares of Tillman Industries. The EPS is $4.00, the DPS is $2.00,
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Suppose you have 100 common shares of Tillman Industries. The EPS is $4.00, the DPS is $2.00, and the stock sells for $60 per share. Now Tillman announces a two-for-one split. Immediately after the split, how many shares will you have, what will be the adjusted EPS and DPS, and what would you expect the stock price to be?
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Fundamentals Of Financial Management Concise Edition
ISBN: 9781285065137
8th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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