Lodge Pole Co shares are now selling for $32.50 per share. Lodge Pole board just declared a cash dividend of $0.60 per share with an ex-dividend date of April 15^th and a 2-for-1 stock split effective May 31^st. You own 150 shares and your personal tax rate is 15%.

i) Assuming no other movements in Lodge Pole stock, what will be the price per share on April 15^th.

ii) Assuming no other movements in Lodge Pole stock (other than the impact of the declared cash-dividend, if any) what will be the price of Lodge Pole stock on June 1.

iii) How much income tax, if any, will you owe as a result of the above two transactions