84 After a two-for-one stock split, which of the following will most likely change relative to its pre-split value?
A Earnings per share (EPS)
B Price-to-earnings ratio (P/E)
C Dividend payout ratio
A is correct. A two-for-one stock split will double the number of shares, thus reducing the EPS to half of its pre-split value. P/E will remain unchanged because the price also reduces by half and exactly cancels out the effect of the reduced EPS. The dividend payout ratio remains unchanged because the same proportion of earnings will still be used after the split.
C is incorrect because the dividend payout ratio is unchanged.
老师，这道题B选项，unchanged的原因是？谢谢
