QUESTION 17 You own 100 shares of North Fork stock, which currently sells for $120 a share. The company is about to declare a 2-for-1 stock split. Which of the following best describes your likely position after the split? a. You will have 200 shares of stock, and the stock will trade at or near $120 a share. b. You will have 200 shares of stock, and the stock will trade at or near $60 a share. O You will have 100 shares of stock, and the stock will trade at or near $60 a share. Od. You will have 50 shares of stock, and the stock will trade at or near $120 a share e You will have 50 shares of stock, and the stock will trade at or near $600 a share. QUESTION 18 Sherman Grant, LLC adheres strictly to the residual dividend model. All else equal, which of the following factors would be most likely to lead to an increase in the firm's dividend per share? The firm's net income increases b. The company increases the percentage of equity in its target capital structure, The number of profitable potential projects increases O d.Congress lowers the tax rate on capital gains, leaving the rest of the tax code unchanged e. Earnings are unchanged, but the firm issues new shares of common stock