13-4 The shares of Baskin Robins currently sell for at $25.30 each. The company has a market capitalization of $80.454 million. a. If the management of Baskin Robins decides to issue new shares under a 3-for-1 bonus issue, what would the new share price be assuming a perfect capital market? b. Explain how stock splits affect the (1) company, and (ii) individual investors. (1) Effect on the company (ii) Effect on the individual investors c. Explain the circumstances in which company management would consider splitting the firm's shares