8.

Assume that you own 1,800 shares of $10 par value common stock and the company has a 5-for-1 stock split when the market price per share is $45.00

Required:

a.

How many shares of common stock will you own after the stock split?

Common Stock: ____________ shares

b.	What will probably happen to the market price per share of the stock?(Round your answer to 2 decimal place.) Market Price: $___________ per share