Homework: Chapters 15&16 Homework Save Score: 0 of 1 pt 8 of 10 (0 complete) HW Score: 0%, 0 of 10 pts P16-7 (similar to) Question Help (Stock split) Templeton Care Facilities, Inc. was contemplating a stock dividend. The firm's stock price had risen over the last three years and was trading at $270 per share. The firm's board of directors felt that the trading range should be around $54 to $104, so they were initially considering a stock dividend that, other things remaining the same, would result in a $54 share price. On second thought, the firm's board of directors decided to use a stock split rather than a stock dividend, how many new shares should the firm issue for each outstanding share? The necessary stock split factor is (Round to the nearest integer.)