Suppose you own 3,000 common shares of Laurence Incorporated. The EPS is $8.00, the DPS is $3.50, and the stock sells for $70 per share. Laurence announces a 2-for-1 split. Immediately after the split, how many shares will you have?
What will the adjusted EPS and DPS be? Round your answers to the nearest cent.
EPS $___________
DPS $___________
What would you expect the stock price to be? Round your answer to the nearest cent.
$_____________