Reconsider the problem faced by Templeton Care Facilities, Inc., from Question 1:

"Templeton Care Facilities, Inc., is contemplating a stock dividend. The firms stock price had risen over the last three years and is trading at $150 per share. The firms board of directors feels that the trading range should be around $50 to $100, so they want to initiate a stock dividend that, other things remaining the same, will result in a $50 share price. What should the stock dividend be in order to result in the desired change in the firms stock price?"

If the firms board of directors decides to use a stock split rather than a stock dividend, how many new shares should the firm issue for each outstanding share?