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Question 1 Hoffman Corporation is currently taking for 210 and has 27,000 shares outstanding. If Hoffman does a 3 for one stock split, what should

Question 1

Hoffman Corporation is currently taking for 210 and has 27,000 shares outstanding. If Hoffman does a 3 for one stock split, what should the new stock price be?

Question 2

Jasmine Inc has a Net Income of 650, a target equity fraction of 0.4, and a project new capital budget of 280.What should Jasmine's retained earnings be under the residual dividend model?

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