Tolbotics Inc. currently has $30,000$ shares of common stock outstanding. Its management believes that its current stock price of $$110$ per share is too high. The company is planning to conduct stock splits in the ratio of $3$ for $1$ as described in the animation.

If Tolbotics Inc. declares a $3-$for$-1$ stock split, the price of the company$$s stock after the split, assuming that the total value of the firm$$s stock remains the same after the split, will be$$per share.

Fuzzy Muffin Manufacturing Company is one of Tolbotics$$s leading competitors. Fuzzy Muffin$$s market intelligence research team shares Tolbotics$$s plans of announcing a stock split, influencing the distribution policy makers. Consequently, executives at Fuzzy Muffin decide to offer stock dividends to its shareholders.

Fuzzy Muffin currently has $1,100,000$ shares of common stock outstanding.

If the firm pays a $6\%$ stock dividend, what will be the total number of shares outstanding after the stock dividend?

$1,457,500$ shares

$1,224,300$ shares

$1,166,000$ shares

$1,107,700$ shares