Exercise $8-23($Algo$)$ Effects of a stock split LO $8-4$

Assume that an investor owns $108$ shares of $$18$ par value common stock of a company and the company has a$-$for$-1$ stock split when the market price per share is $$54.$

Required:

a$.$ How many shares of common stock will the investor own after the stock split?

b$.$ What will probably happen to the market price per share of the stock?

c$.$ What will probably happen to the par value per share of the stock?

a$.$ Shares of common stock after split

b$.$ The market price per share should:

c$.$ The par value per share will: