Question: Rentarama is considering a 4:1 stock split. The stock current trades as $150 a share. Using the pre-split number of shares outstanding, the CFO has

Rentarama is considering a 4:1 stock split. The stock current trades as $150 a share. Using the pre-split number of shares outstanding, the CFO has estimated the total dividend for the next year will be $6.40 per share. Assuming the stock split is implemented immediately, shareholders should expect the quarterly dividend to be closest to:

A) $0.40

B) $1.60

C) $6.40

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