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Gristlid buys 2,300 of the 100,000 shares of Petrol Inc paying $36,00 por share Suppose Petrol distributes a 5 percent stock dividend Later the same

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Gristlid buys 2,300 of the 100,000 shares of Petrol Inc paying $36,00 por share Suppose Petrol distributes a 5 percent stock dividend Later the same your, Gr Ltd sells the Petrol shares for $30.00 per share Disregard commissions on the purchase and sale 1. Compute Grist Lid's now cost per share after receiving the stock dividend 2. Compute Gristud's gain or loss on the sale of this long-term investment 1. Compute Grist Ltd's now 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 Now number of shares hold New cost per share = (Enter new cost per share rounded to the nearest cent.) 2. Computo 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.)

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