Horizon Enterprises has 600,000 shares of common stock outstanding, and its EPS is $6. The firm has a dividend payout ratio of 20 percent and a current market price of $90 per share. a) Horizon declares a 3 for 1 stock split. What are the new total earnings, EPS, total cash dividends, dividends per share, dividend payout ratio, P/E ratio and total market value?

b) After the split, what are Janes total cash dividends and total market value?

c) Under what circumstances might an investor be better off after a stock split?

Thank you for your help.