Wilson Pharmaceuticals' stock has done very well in the market during the last three years. It has risen from $75 to $100 per share. The firm's current statement of stockholders' equity is as follows:

Common stock (5 million shares issued at par value of $10 per share)$50,000,000Paid-in capital in excess of par11,000,000Retained earnings44,000,000Net worth$105,000,000

a-1.How many shares would be outstanding after a two-for-one stock split?

a-2.What would be its par value?

b-1.How many shares would be outstanding after a three-for-one stock split?

b-2What would be its par value?

c.Assume that Wilson earned $15 million. What would its earnings per share be before and after the two-for-one stock split? After the three-for-one stock split?

d.What would be the price per share after the two-for-one stock split? After the three-for-one stock split? (Assume that the price-earnings ratio of 33.33 stays the same.)