Jakobs Ltd. buys 2,400 of the 100,000 shares of Melloch Inc., paying $36.50 per share. Suppose Melloch distributes a 5 percent stock dividend. Later the same year, Jakobs Ltd. sells the Melloch shares for $28.50 per share. Disregard commissions on the purchase and sale. 1. Compute Jakobs Ltd.'s new cost per share after receiving the stock dividend. 2. Compute Jakobs Ltd.'s gain or loss on the sale of this long-term investment. eccoe 1. Compute Jakobs Ltd.'s new cost per share after receiving the stock dividend. Start with calculating the cost of investment. Cost of the investment = 83220 Now, compute the new cost per share after receiving the stock dividend. (Enter new cost per share rounded to the nearest cent.) New number of shares held: New cost per share: 2. Compute Jakobs Ltd.'s gain or loss on the sale of this long-term investment. (Enter losses with parentheses or a minus sign. Round to the nearest whole dollar.) on the sale of the long-term investment is Time Remaining: 02:46:47 Next