4. Assume you have 100 shares of SNAP stock. If SNAP has a 3 for 1 stock split, then a 3 for 2 stock split, a 1 for 5 reverse split, and finally a 10% stock dividend, how many shares of Snap stock do you own?

5. When Steve Jobs first left Apple Corporation in 1985 Apple stock fell to $2 per share. Assume your parents purchased $1,000 worth of Apple stock at that time. Currently Apple stock sells for $191 and has had the following stock splits subsequent to your parents purchasing the stock.

June 16, 1987 2 for 1

June 21, 2000 2 for 1

February 28, 2005 2 for 1

June 9, 2014 7 for 1

August 28, 2020 4 for 1

a. Assuming your parents simply held on to their original investment in Apple stock, how many shares do they have today and how much is it worth?

b. What is the geometric return from 1985 to 2024?

c. If Apple Corporation never had split the stock and had let the share price continue to increase, what would be the price per share today?