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4. (3 points) Assume you own 5 shares of Dooble which are selling at $3000 per share. In order to make the stock more affordable,
4. (3 points) Assume you own 5 shares of Dooble which are selling at $3000 per share. In order to make the stock more affordable, Dooble has decided to split its share 20-for-1.
a. How much is your investment worth before the split?
b. How many shares will you own after the split? What will the new price be immediately after the split? (assuming the split happens at the current price)
c. How much is your total investment worth after the split?
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