Jerry owns 200 shares of stock in Cutting Edge Inc. The stock recently underwent a 5-for-3 stock split. If the stock was trading at $40 per share just before the split (hint: see the example on pages 222 and 224),

a)What is the number of new shares that Jerry will own after the split? 2 points

b) how much is each share of stock going to trade after the 5-for-3 stock split? Write your answer to the nearest two decimal places. 2 points

c) What is the market value of Jerry's holdings after the split? 2 points