Feb 3rd, 2012
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ALL QUESTIONS ARE BEEN ANSWERS INCLUDED BUT NOT LIMITED TO 3. Jersey Mining earns $9.50 a share, sells for $90, and pays a $6 per share dividend. The stock is spit two for one and a $3 per share cash dividend is declared. 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? 4. Firm A had the following selected items on its balance sheet: · Cash $ 28,000,000 · Common stock ($50 par; 2,000,000 shares outstanding) $100,000,000 · Additional paid-in capital

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