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ASIA Co. has 30 million shares outstanding, trading for $60, with an EPS of $2.50 and a P/E multiple of 24. The company earns net
ASIA Co. has 30 million shares outstanding, trading for $60, with an EPS of $2.50 and a P/E
multiple of 24. The company earns net income of $200 million for the year and pays out an
annual dividend of $1.50 per share. The board of directors is considering a 3-for-2 stock split.
a) What is the companys stock price after the stock split?
b) What is the companys dividend yield after the stock split?
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