Safa Inc. has had the following stock splits since its inception.

Effective Date Split Amount

June 9, 2016 5 for 2

March 20, 2009 2 for 1

a.If the par value of Safa shares was originally $1, what would Safa report as par value per share on its 2018 balance sheet? 4 marks

b.On August 23, 2019, Safas stock traded for about $300. All things equal, if Safa had never had a stock split, what would a share of Safa have traded for that same day? 4 marks