1-

a. $5

b. $2

c. $3

d. $0

e. None of the above

9. Referring to question 8, calculate price per share after the split. *

a. $30

b. $50

c. $37.5

d. $47

e. None of the above

10. Referring to question 8, calculate the number of shares after the split. *

a. 75,000

b. 133,333.3

c. 100,000

d. 250,000

e. None of the above

Net income: $500,000 Number of outstanding shares: 100,000 Price per share: $50 Retention rate: 40% The institution goes for a 4-for3 stock split in 2019. Calculate Dividend per share before the split