1. JJ Inc just paid a dividend of $2.85 per share to its shareholders. All of JJ's shareholders are taxed at the rate of 33%. How much of the dividend do these shareholders get to keep?. $
Place your answer in dollars and cents without the dollar sign
2. E-Ticket System has just made a big announcement: The firm will split its stock 7-for-one (7:1). E-Ticket's current price per share is $20 per share, and there are 7000 shares outstanding. What is the share price after the announcement? $
Place your answer in dollars and cents without the dollar sign.