8. Magic Institution has the following information: * 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. O 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. O a. $30 O b. $50 O c. $37.5 O d. $47 e. None of the above 10. Referring to question 8, calculate the number of shares after the split. a. 75,000 Ob 133,333.3 O c 100,000 Od 250,000 O e None of the above