16-5. (Calculating the ex-dividend stock price) The board of the Great Outdoor Tweed Com-pany has decided to offer a 1 for 4 bonus issue to their shareholders. The current share price is 8 per share. What do you expect the ex-bonus share prices to be? 16-6. (Calculating the stock dividend) Eastern Bank Limited is a retail bank based in India and has shown consistent good performance in recent years. The board of the bank has now raised concerns over the effects of the high share price of 6,400 per share. They feel that such a high share price is likely to make their shares less liquid and more unat-tractive for smaller investors. A range of 1,000 to 1,500, they argue, would be a good price range to make it sufficiently liquid and attractive. The CFO has suggested that they should make a bonus issue to achieve this objective. What should the bonus issue be to achieve the desired changes in the share price?