Jersey Mining earns $9.50 a share, sells for $90, and pays a $6 per share dividend. The
Question:
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?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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a New price of the stock 902 45 ...View the full answer
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Related Book For 
Basic Finance An Introduction to Financial Institutions Investments and Management
ISBN: 978-1111820633
10th edition
Authors: Herbert B. Mayo
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