How does the split affect the number of shares outstanding?

Assignment#3
Chapter 18
Problem#1
In a three for two stock split for a company that previously had 1 million shares outstanding selling at $100 per share and a total market value of $100 million.
How does the split affect the number of shares outstanding?
How does the split affect the price per share?

Problem#2
A company is retaining 40% of its net income of $19 million, and 10 million shares outstanding.
What is the companies pay out policy?
What is the dividend per share for this company?
Problem#3
JK Corp paid a dividend of $1.20 per share. It forecasted a $2.20 per share in earnings and had a stock price of $40. The company later announced a 15% stock dividend.
What is the effect of the stock dividend on the share price?
Problem#4

New Rise has $200 million of assets that includes $50 million of cash and 8 million shares outstanding with no debt. If the firm uses $20 million of its cash to repurchase shares.
What is the original price per share?
What is new number of shares outstanding?
What is the new price per share after the repurchase?
Chapter 26
Problem#5

Nature Path bought September call options for Oats with an exercise price of $2.80 at a price of $0.10 per bushel. If the price of Oats at the expiration is $2.90, what is the net cost of one bushel of Oats for Nature Path?

Problem#6

A stock sells at a price of $60 on the expiration date.
What is the payoff to the seller of a call option if the option strike price is $20?
b- What is the payoff to the holder of the call option in the same situation?

Problem#7

A gold mining firm sells futures contracts worth 1000 ounces at a price of $800 per ounce for maturity one year from today.
If gold futures prices decrease to $798 per ounce, what is the cash flow to the producer?
If gold futures prices rise to $807 per ounce, what is the cash flow to the producer?
Question#1

What is the basic difference between hedgers and speculators? What is the essential purpose that speculators serve?