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Rentarama is considering a 3:1 stock split
Rentarama is considering a 3:1 stock split. The stock current trades as $90 a share. Using the pre-split number of shares outstanding, the CFO has estimated the total dividend for the next year will be $1.80 per share. Assuming the stock split is implemented immediately, shareholders should expect the quarterly dividend to be closest to:
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$0.15. |
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$0.45. |
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$0.60. |
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