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Stock splits Personal Finance Problem Nathan Detroit owns 400 snares ot the drink company Monster Beverage Corp., which ne purchased tor $125 per snare.

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Stock splits Personal Finance Problem Nathan Detroit owns 400 snares ot the drink company Monster Beverage Corp., which ne purchased tor $125 per snare. Nathan read in the Wal/ Street Journal that the company's board ot directors nad voted to split the stock 3-tor-l. Just before the stock split, Monster Beverage snares were trading tor S129.49. Answer the tollowng questions about the impact ot the stock split on nis holdings and taxes. Nathan is in the 22% federal income tax bracket a. How many snares ot Monster Beverage will Nathan own atter the stock split? b. Immediately atter the split, what do you expect the value ot Monster Beverage to be? c. Compare the total value ot Nathan's stock noldings before and atter the split What do you find? d. Does Nathan experience a gain or loss on the stock as a result ot the a-for-I split? . What is Nathan's tax liability trom the event? . The number ot shares ot Monster Beverage Nathan will own after the 3-tor-l split is snares. (Round to the nearest whole number.) b. The value ot Monster Beverage immediately after the 3-tor 1 split is per snare. (Round to the nearest cent) c. The current value ot Nathan's stock noldings before the split is (Round to the nearest dollar.) The total value ot Nathan's stock holdings after the a 3-tor 1 split is (Round to the nearest dollar.) A stock solit will the. total value of Nathan's stock holdinas (Select trom the droo-down menu.)

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