Mike owns 2,400 shares of JDS Uniphase Corp. The company instituted a 1-for-8 reverse stock split on

Question:

Mike owns 2,400 shares of JDS Uniphase Corp. The company instituted a 1-for-8 reverse stock split on October 17. The pre-split market price per share was $2.13.
a. How many shares did Mike hold after the split?
b. What was the post-split price per share?
c. Show that the split was a monetary non-event for Mike.