Grist Ltd. buys 2,300 of the 100,000 shares of Oil an Inc., paying $35.50 per share. Suppose Oil an distributes a 15 percent stock dividend. Later the same year, Grist Ltd. sells the OilCan shares for $30.50 per share. Disregard commissions on the purchase and sale. 1. Compute Grist Ltd.'s new cost per share after receiving the stock dividend. 2. Compute Grist Ltd.'s gain or loss on the sale of this long-term investment. 1. Compute Grist Ltd.'s new cost per share after receiving the stock dividend. Let's start with calculating the cost of investment. Cost of the investment = Now we can compute the new cost per share after receiving the stock dividend. New number of shares held = 1 New cost per share = (Enter new cost per share rounded to the nearest cent.) 2. Compute Grist Ltd.'s gain or loss on the sale of this long-term investment. on the sale of the long-term investment is (Enter losses with a minus sign or parentheses.)