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Dividend policy please help se common stock currently sells for $20 per share Preferred stock $500,000 Common stock(2,000,000 shares@$1 2,000,000 paid in capital in excess

Dividend policy please help

se common stock currently sells for $20 per share

Preferred stock $500,000
Common stock(2,000,000 shares@$1 2,000,000
paid in capital in excess of par 10,000,000
retained earnings 11,600,000
total stockholders equity $24,100,000

a) what is the maximum dividend per-share se can pay? ( assume capital includes all paid in capital)

b) recast the partial balance sheet(to Stockholders equity accounts) to show independently

1-a 2-for-1 stock split of the common stock

2-a cash dividend of $1.50 per share

3-a stock dividend of 5% on the common stock

c) at what price what you expect se stock to sell after

1-the stock split

2- the stock dividend?

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