Determining Effects of Stock Splits Oracle Corp has had the following stock splits since its inception.

Effective Date	Split Amount
October 12, 2000	2 for 1
January 18, 2000	2 for 1
February 26, 1999	3 for 2
August 15, 1997	3 for 2
April 16, 1996	3 for 2
February 22, 1995	3 for 2
November 8, 1993	2 for 1
June 16,1989	2 for 1
December 21, 1987	2 for 1
March 9, 1987	2 for 1

a. If the par value of Oracle shares was originally $2, what would Oracle Corp. report as par value per share on its 2015 balance sheet? Compute the revised par value after each stock split. Round answers to three decimal places.

	Revised Par
Effective Date	Value
March 9, 1987	$Answer
December 21, 1987	$Answer
June 16, 1989	$Answer
November 8, 1993	$Answer
February 22, 1995	$Answer
April 16, 1996	$Answer
August 15, 1997	$Answer
February 26, 1999	$Answer
January 18, 2000	$Answer
October 12, 2000	$Answer

b. On May 10, 2016, Oracle stock traded for about $60. All things equal, if Oracle had never had a stock split, what would a share of Oracle have traded for that same day? Round answer to the nearest dollar. $Answer