Question: Problem 14-7 Stock Split Suppose you own 3,000 common shares of Laurence Incorporated. The EPS is $11.00, the DPS is $2.00, and the stock sells

Problem 14-7 Stock Split

Suppose you own 3,000 common shares of Laurence Incorporated. The EPS is $11.00, the DPS is $2.00, and the stock sells for $85 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.

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