Mini$-$Exercise $8-4($Static$)$ Effects of a stock split LO $8-4$

Assume that an investor owns $1,900$ shares of $$10$ par value common stock and the company has a $5-$for$-1$ stock split when the market price per share is $$108.$

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? Note: Round your answer to $2$ decimal places.

$\backslash$table$[[$a$.$ Common stock,,shares$],[$b$.$ Market price,,per share$]]$