HQ Company is considering a 1-for-3 reverse stock split. HQ's stock is currently selling for $3 per share.
a. What will the price of the stock be after the stock split?
b. HQ plans to pay a dividend equal to $0.30 per share after the split. The company would like to pay an equivalent dividend per share even if the split does not take place. What would the per-share dividend have to be if the HQ doesn't split the stock?