Problem Three RAMO Co. has net income for this year of $80,000 and it pays out dividend for 30%. The company has 25,000 shares outstanding, and its shares are currently selling at $60/share. RAMO is considering 3-for-2 stock split. Required: Use the above give to answer questions 15 through 20 15- The current dividend per share of RAMO is: * $0.96/ share $3.01/share $1.04/share $3.20/share None of the above 16- The current earnings per share of RAMO is: * $0.96/ share $3.01/share $1.04/share $2.20/share None of the above 17- Following the split, the dividend per share of RAMO is: * $0.32/share $0.48/share $0.64/share $0.52/share None of the above * 18- Following the split, the earnings per share of RAMO is: $1.07/share $1.60/share $2.13/share $2.55/share None of the above 19- Assume that after making a specific split the company's price per share turned to be traded at $16, then how the number of shares will change compared to the number of shares before the split: * Increase 93,750 shares Increase 400,000 shares Increase 68,750 shares Increase 375,000 shares None of the above 20- Assume that after making a specific split the company's EPS turned to be $1.6, then how much will be the total dividends that the company will pay after the stock split. $48,000 $24,000 $12,000 Can't be determined None of the above