Stock price around stock split.

Part A :

Southwest Tires declares a 3-for-2 stock split. The current price is $60 pershare, and you own 400 shares. What is the expected share price after thesplit? What is your wealth before thesplit? After?

Part B :

Northeast Tires announces a reverse split. The company will consolidate outstanding shares through a 4-for-7 split. Thatis, the company will consolidate every 7 shares that you currently own into 4 shares.The current stock price is $3 per share. What will the share price be after thesplit? If you own 18,000 shares, how many will you have after the reversesplit? What will your wealth in stock be after thesplit?