Determining Effects of Stock Splits Oracle Corp has had the following stock splits since its inception. Effective Date Split Amount 2 for 1 October 12, 2000 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 $1, what would Oracle Corp. report as par value per share on its 2015 balance sheet? Compute the revised par value after each stock split. Round answers to three decimal places Revised Par Effective Date Value 0.5 March 9, 1987 December 21, 1987$ 0.25 0.125 June 16, 1989 November 8, 1993$ February 22, 1995 April 16, 1996 August 15, 1997$ February 26, 1999 January 18, 20000.013 October 12, 2000 $ 0.007 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