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Stock splits Nathan Detroit owns 100 shares of Monster Beverage Corp., which he purchased for $119 per share. Nathan read that the company's board of

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Stock splits Nathan Detroit owns 100 shares of Monster Beverage Corp., which he purchased for $119 per share. Nathan read that the company's board of directors voted to split the stock 4-for-1. Just before the split, Monster Beverage shares were trading for $128.05. Answer the following questions about the impact of the stock split on his holdings and taxes. Nathan is in the 22% federal income tax bracket. a. How many shares of Monster Beverage will Nathan own after the stock split? b. After the split, what do you expect the price of Monster Beverage to be? c. Compare the total of Nathan's holdings before and after the split, given that the post-split stock price of Monster Beverage was $32.57. What do you nd? (I. Does Nathan experience a gain or loss on the stock as a result of the 4-for-1 split? e. What is Nathan's tax liability from the event? a. The number of shares of Monster Beverage Nathan will own after the 4-for-1 split is shares. (Round to the nearest whole number.)

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