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What is the new price of the stock if the firms total

A share earns $9.50, sells or $90 and pays a $6 per share dividend. The stock is split two for one and a $3 per share cash dividend is declared. What is the new price of the stock? If the firms total earnings do not change, what is the payout ratio before and after the stock split?

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Finance Basics: What is the new price of the stock if the firms total

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