ASIA Co. has 30 million shares outstanding, trading for $60, with an EPS of $2.50 and...
ASIA Co. has 30 million shares outstanding, trading for $60, with an EPS of $2.50 and a P/E
multiple of 24. The company earns net income of $200 million for the year and pays out an
annual dividend of $1.50 per share. The board of directors is considering a 3-for-2 stock split.
a) What is the company’s stock price after the stock split?
b) What is the company’s dividend yield after the stock split?
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ASIA Co. has 30 million shares outstanding, trading for $60,
with an EPS of $2.50 and...
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