Question
Problem 14-7 Stock Split Suppose you own 2,000 common shares of Laurence Incorporated. The EPS is $10.00, the DPS is $4.50, and the stock sells
Problem 14-7 Stock Split
Suppose you own 2,000 common shares of Laurence Incorporated. The EPS is $10.00, the DPS is $4.50, and the stock sells for $95 per share. Laurence announces a 2-for-1 split. Immediately after the split, how many shares will you have?
What will the adjusted EPS and DPS be? Round your answers to the nearest cent.
| EPS | $ |
| DPS | $ |
What would you expect the stock price to be? Round your answer to the nearest cent.
$
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Small Brewery Finance
Authors: Maria Pearman
1st Edition
1938469526, 978-1938469527
