On the back of the current COVID-19 and macroeconomic situation the European Central Bank asked the European Banks to refrain from or limited the dividends distribution describe on your own views and considering the material we covered during classes the trade-off between paying dividends and retaining (reinvesting) firm profits. 2. Suppose I own 10% of the Yonex Sports Industries. An equivalent to 30,000 shares of common stock, which most recently traded for a price of $98 a share. The company has since declared its plans to engage in a two-for-one stock split. 1) What will my financial position be after the stock split, compared to my current position? (Assume the stock price falls proportionally) 2) The executive vice-president is charge of finance believes the price will not fall in proportion to the size of the split and will only fall 45% because she thinks the pre-split price is above the optimal price range. If she is correct, what will be my net gain from the split?