$15-3$ Stock Repurchases

Gamma industries has net income of $$3,800,000$ and it has $1,490,000$ shares of common stock outstanding. The company's stock currently trades at $$67$ a share. Gamma is considering a plan in which it will use available cash to repurchase $10\%$ of its share in the open market at the current $$67$ stock price. The repurchase is expected to have no effect on net income or the company's P$/$E ratio. What will be its stock price following the stock repurchase?

$15-4$ Stock Split

After a $5$ for $1$ stock split, Tyler company paid a dividend of $$1\mathrm{.}15$ per new share which represents a $7\%$ increase over last year's pre$-$split dividend. What was last year's dividend per share?