Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I HOPE u can help me. Thank You in advance Giving UPVOTE and GOOD comment Finance JSMarcelo Corporation has thirty million shares outstanding. The company's
I HOPE u can help me. Thank You in advance
Giving UPVOTE and GOOD comment
Finance
JSMarcelo Corporation has thirty million shares outstanding. The company's stock is currently being traded in the market for P60, with an earnings per share of P2.50 and a P/E multiple of 24. The company's net income increased by 8% compared to last year's net income and the firm pays out an annual dividend of P1.50 per share. The board of directors is considering a 3-for-2 stock split. Required: 1. After the stock split, how much will be the EPS of the company? 2. After the stock split, how much will be the stock price? Round off final answers to two (2) decimal places and exclude the currencyStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started