Mainway Toy Company currently has $20,000$ 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, what will be the price of the company's stock after the split, assuming that the total value of

the firm's sfock remains the same after the split, will be

$$36\mathrm{.}67$

$.$