ips eBook Problem 10-03 ps Jersey Medical carns $10.50 a share, sells for $90, and pays a 58 per share dividend. The stock is split two for one and a 1 per share cash dividend is dared. a. What will be the new price of the stock found your answer to the nearest dolor. b, or the firm's tetas earnings do not change, what is the payout ratio before and after the stock pit? Round your answers to one oecimal place. Payout ratio before the split Payout ratio after the spot