Finance 350 – Suppose You Own 3,000 Common Shares Of Laurence Incorporated.

Suppose you own 3,000 common shares of Laurence Incorporated. The EPS is $12. 00, the DPS is $3. 00, and the stock sells for $90 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, and what would you expect the stock price to be?

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