Jersey Medical earns $10.00 a share, sells for $80, and pays a $6 per share dividend. The stock is split two for one and a $3 per share cash dividend is declared. What will be the new price of the stock? Round your answer to the nearest dollar. $   If the firm's total earnings do not change, what is the payout ratio before and after the stock split? Round your answers to one decimal place. Payout ratio before the split:   % Payout ratio after the split:   %

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