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Nathan Detroit owns 5 0 0 shares of Monster Beverage Corp., which he purchased for $ 1 1 7 per share. Nathan read that the

Nathan Detroit owns 500 shares of Monster Beverage Corp., which he purchased for $117 per share. Nathan read that the company's board of directors voted to split the stock 5-for-1. Just before the split, Monster Beverage shares were trading for $135.34. Answer the following questions about the impact of the stock split on his holdings and taxes. Nathan is in the 24% federal income tax bracket.
a. The number of shares of Monster Beverage Nathan will own after the 5-for-1 split is shares. (Round to the nearest whole number.)
b. The price of Monster Beverage immediately after the 5-for-1 split is $ per share. (Round to the nearest cent.)
c. The current value of Nathan's stock holdings before the split is $.(Round to the nearest dollar.)
Given that the post-split stock price of Monster Beverage was $27.66, the total value of Nathan's stock holdings after the 5-for-1 split is 9(Round to the nearest dollar.)
The stock split , the total value of Nathan's stock holdings. (Select from the drop-down menu.)
d. Nathan experiences
on the stock as a result of the 5-for-1 split. (Select from the drop-down menu.)
e. What is Nathan's tax liability from the event? (Select the best answer below.)
A. $0
B. $69,150
C. $2,200.80
D. $16,596.00
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