Question: 1) Kirkpatrick Tires declares a 4-for-1 stock split. The current price is $82.00 per share, and you own 300 shares. A)What is the expected after-share

1) Kirkpatrick Tires declares a 4-for-1 stock split. The current price is $82.00 per share, and you own 300 shares.

A)What is the expected after-share price?

B)What is your wealth after the split? Type to nearest dollar.

2) Hernandez Tires announces a reverse split. The company will consolidate outstanding shares through a 1-for-5 split. That is, the company will consolidate every five shares that you currently own into one share. The current price of the stock is $2.50 per share.

A) What is the after-share price? Type the dollar amount to the nearest penny

B) If you own 10,000 shares, how many will you have after the reverse split? Type to nearest whole share

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