Stock splits Personal Finance Problem Nathan Detroit owns $400$ shares of the drink company Monster Beverage Corp., which he purchased for $$122$ per share. Nathan read in the Wall Street Journal that the company's board of directors had voted to split the stock $3-$for$-1.$ Just before the stock split, Monster Beverage shares were trading for $$133\mathrm{.}96.$

Answer the following questions about the impact of the stock split on his holdings and taxes. Nathan is in the $23\%$ federal income tax bracket.

a$.$ How many shares of Monster Beverage will Nathan own after the stock split?

b$.$ Immediately after the split, what do you expect the value of Monster Beverage to be$?$

c$.$ Compare the total value of Nathan's stock holdings before and after the split. What do you find?

d$.$ Does Nathan experience a gain or loss on the stock as a result of the $3-$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 $3-$for$-1$ split is shares. $($Round to the nearest whole number.$)$