Due to a sdeclining stock price and the possibility of being delisted from an exchange. Hubbell corporation undergoes a reverse 6 to 1 stock split. If Hubbel initially has a 280 shares, how many shares does Hubbell have now?

Randy corporation has a capital budget of 277.0 and a Net Income of 15.0. If Randys target equity fraction is 0.1, what should Randys retained earnings be under the residual dividend model?