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3 . Chuxon Corp. is considering a 3 - for - 1 stock split. The stock currently sells for $ 5 4 per share. (

3. Chuxon Corp. is considering a 3-for-1 stock split. The stock currently sells for $54 per share.
(a) What will the price of the stock be after the split?
(b) Before the split, you have 400 shares of Pullemann. How many shares do you have after the split?
(c) What was the value of your investment (if you have 400 shares before the split) before and after the split? How has the split changed (or not changed) the overall value of your investment in Pullemann?

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