Determining Effects of Stock Splits

Oracle Corp has had the following stock splits since its inception.

Effective DateSplit AmountOctober 12, 20002 for 1January 18, 20002 for 1February 26, 19993 for 2August 15, 19973 for 2April 16, 19963 for 2February 22, 19953 for 2November 8, 19932 for 1June 16,19892 for 1December 21, 19872 for 1March 9, 19872 for 1

a. If the par value of Oracle shares was originally $4, 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 tothreedecimal places.

Revised ParEffective DateValueMarch 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 $90. 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