Question
6-Suppose you own 5000 shares of some company. The EPS is $4 and the DPS is $0.85, and the stock sells for $110. The company
6-Suppose you own 5000 shares of some company. The EPS is $4 and the DPS is $0.85, and the stock sells for $110. The company announces 3 for 1 split. Immediately after the split, what will the adjusted EPS and DPS be?
a) $2.667 and $0.483
b) $2.333 and $0.516
c) $1.333 and $0.283
d) $0.714 and $1.374
e) $0.863 and $0.539
NEED to see the work and formulas PLZ. Will Rate! :)
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Corporate Financial Management
Authors: Douglas R. Emery, John D. Finnerty, John D. Stowe
4th Edition
1935938002, 9781935938002
