Jones company stock trades $60 a share. The company is contemplating a 3 for 2 stock split. Currently, the company has EPS for 6.00, DPS for $0.75, and 25 million shares of stock outstanding. Assuming that the stock split will have no effect on the total market value of equity, what will the company's stock price be after the split?

How many shares of stock will be outstanding after the split?

Calculate DPS after the split?

Calculate price per share after the split?

Calculate after the split, if the PE increases by one point? (for example, if the PE was 10 prior to split it increase to 11 after the split)

Why do companies split their stock?

Why might a split cause the P/E to increase?