What will be the new price of the stock

Reference no: EM13301345

Jersey Mining earns $9.50 a share, sells for $90, and pays a $6 per share dividend. The stock is spit two for one and a $3 per share cash dividend is declared.

a. What will be the new price of the stock

b. If the firm's total earnings do not change, what is the payout ratio before and after the stock split

Reference no: EM13301345

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