Assume that you own 700 shares of $10 par value common stock and the company has a 5-for-1 stock split when the market price per share is $20.00 Required: a. How many shares of common stock will you own after the stock split? b. What will probably happen to the market price per share of the stock? (Round your answer to 2 decimal places.) b. What will probably happen to the market price per share of the stock? (Round your answer to 2 decimal places.)

Assume that you own 700 shares of $10 par value common stock and the company has a 5-for-1 stock split when the market price per share is $20.00 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 places.) Market price per share