honey ltd , had a total net profit of $9 million common shares outstanding its current shares is currently trading at $33 . honey ltd has recently declared an 10% share bonus:

a. show the impact of this share bonus on the outstanding share and current market share price.

b. if instead of a share bonus. the management announces 7 to 5 share split . demonstrate the impact of share split in the outstanding share and current market share price.

c. from shareholders perspective will they prefer a share bonus or a share split . explain