Question 20 4 pts New Orleans Builders Inc. has the following data. If it follows the residual…

Question 20 4 pts New Orleans Builders Inc. has the following data. If it follows the residual dividend model, what is its forecasted dividend payout ratio? Capital budget $7,500 Debt 40% Net Income INI) $7,500 43.20% 30.00% O 3200X 46.BOX 40.00% 4 pts Question 21 26 MacBook Air . AN >> 3 888 FE 73 … ** ô $ # 3 % 5 & 7 C 9 8 0 A ? O E Y U T 70 W J H ? G L …. S D F F < N M B V ? C 40.00% Question 21 4 pts If on January 3 a company declares a dividend of $1.50 per share, payable on January 31 to holders of record on January 17 then the price of the stock should drop by approximately $1.50 on January 15, which is the ex-dividend date. Trie False 4 pts Question 22 Toombs Media Corp. recently completed a 3-for 1 stock split. Prior to the split, its stock sold for $170 per share. The firm’s total market value was unchanged by the split. Other things held constantwhat is the best estimate of the stock’s post.split price?