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Mainway Toy Company currently has 1 0 , 0 0 0 shares of common stock outstanding. Its management believes that its current stock price of

Mainway Toy Company currently has 10,000 shares of common stock outstanding. Its management believes that its current stock price of $110 per share is too high. The company is planning to conduct stock splits in the ratio of 3 for 1 as described in the animation.
If Mainway Toy Company declares a 3-for-1 stock split, the price of the companys stock after the split, assuming that the total value of the firms stock remains the same after the split, will be

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