eBook Problem 10-03 Jersey Medical carns $11.00 a share, sells for $120, and plays a $6 per share dividend. The stock is split four for one and a $1.5 per share Gash dividend is declared. 3. What will be the new price of the stock Round your answer to the nearest dollar, $ b. If the film's total earnings do not change, what is the payout ratio before and after the stock split Round your answers to one decimal place Payout ratio before the split: Payout ratio after the split