You are a financial consultant. Your client owns 100 shares of Churchill Downs, Inc (Ticker: CHDN) on Jan 24th, 2019. This corporation had a 3-1 stock split effective before market open on Jan 28, 2019. On January 27 the price per share was $270. On Jan 28 the opening price per share was $89. A client calls you in panic as their stock price has fallen 66%. You are to write a memo to your client explaining to them what the stock split means and how it will affect the value of their share holdings. Explain any change in the quantity of the stock they own, change in their percentage ownership in the company and change in dollar value of their stock holdings. Use information from the section on stock-splits in Chapter 13. Your memo must be professionally written, using the proper voice for your audience. It must be completely free of spelling and grammatical errors. The memo should be approximately one page long.