Chaneys Fat burner Gyms, Inc., operates a chain of exercise facilities throughout The Midwest. The firms appeal to middle-aged men who suffer from obesity problems and want to improve their health by entering an exercise program. The firm has 8,000,000 shares of stock outstanding that have a current market price of $12. If all else remains constant, what will be the price of Chaneys shares after each of the following?

1. A 20% stock dividend.
2. A 4-for-1 stock split.
3. A 32.5 percent stock dividend.
4. What would be the total number of shares outstanding after parts a through c?