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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

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

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.

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