Assume that you wnte a column for a very widely followed financial blog tited "Finance Questions: Ask the Expert" Your job is to feld readers' questions that deal with finance. This week you are going to address two questions from your readers that have to do with dividends. Question 1: I own 10 percent of the Standlee Corporation's 60,000 shares of common stock, which most recenty traded for a price of $9900 per share The company has since declared its plans to engage in a 2 -for-1 stock split. a. What will my financial position be after the stock split, compared to my cunent position? (Hint Assume the slock price tals proportionasely) b. The executive vico-president in charge of finance believes the price will not fat in proportion to the size of the split and wil only fal 45 percent because she thinks the pro-apit price is above the optimal price range. If she is corroct, what wil be my net gain from the spir? Question 2: I am on the board of drectors of the B, Philips Corporaton, and the company has announced its plan to pay dividends of $675,000. Presents, there are 270,000 ahares outstanding and the earnings per share is $6. it looks to me the the stock should sel for $41 after the ex-dividend date. If instead of paying a dividend, the managemient decides to repurchase stock a. What should be the repurchase price that is equivalent to the proposed dividend? (Hint lignore any tax effects) b. How many shares should the company repurchase? c. I want to look out for the small shareholdors. If someone owns 100 shares, do you think she would prefer that the compory pay the dividend or repurchase stock? 1. a. If the stock price falls proportionately, what wil my tnancial position be after the stock splc, compared to my current posbon? (Select the best choice below) A. There is an increase in the value of my poation in the comparyse thares 10. There is no change in the value of my position in the companys shares. c. There is not suflicient information to judge the change in the vatue of ny postion in the concarys shares. D. There is a decrease in the value of ny posfion in the companys shares. 1. b. If the stock proce wil only tal 45 percent what will be my not gan from the split? (Round to the nearest doliar)