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River Enterprises has 2 0 , 0 0 0 shares of stock outstanding with a market price per share of $ 4 9 . The

River Enterprises has 20,000 shares of stock outstanding with a market price per share of $49. The net after-tax earnings of the firm are $35,000. The firm has just declared a 2-for-1 stock split. By how much will the earnings per share change as a result of the stock splRiver Enterprises has 20,000 shares of stock outstanding with a market price per share of $49. The net after-tax earnings of the firm are $35,000. The firm has just declared a 2-for-1 stock split. By how much will the earnings per share change as a result of the stock split?

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