Determining Effects of Stock Splits Oracle Corp has had the following stock splits since its inception. Effective Date October 12, 2000 January 18, 2000 February 26, 1999 August 15. 1997 April 16, 1996 February 22, 1995 November 8, 1993 June 16,1989 December 21,1987 March 9, 1987 Split Amount 2 for 1 2 for 1 3 for 2 3 for 2 3 for 2 3 for 2 2 for 1 2 for 1 2 for 1 2 for 1 a. If the par value of Oracle shares was originally $1, 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 December 21, 1987 June 16, 1989 November 8, 1993 February 22. 1995 April 16, 1996 August 15. 1997 February 26, 1999 January 18, 2000 October 12, 2000 b. On May 10, 2016, Oracle stock traded for about $40. 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