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Suppose you own 2,000 common shares of Laurence Incorporated. The EPS is $10, the DPS is $3, and the stock sells for $80 per share.

  • Suppose you own 2,000 common shares of Laurence Incorporated. The EPS is $10, the DPS is $3, and the stock sells for $80 per share. Laurence announces a 3-for-2 split. Immediately after the split, how many shares will you have, what will the adjusted EPS and DPS be, and what would you expect the stock price to be? (Please show your calculation steps in detail) Please use written formula and not excel approach

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