You are a financial consultant. Your client owns $5$ shares of Apple. This corporation had a $4-1$ stock split effective before market open on Aug $31,2020.$ On August $30$ the price per share was $$500.$ On Aug $31$ the opening price per share was $$125.$ A client calls you in panic as their stock price has fallen $75\%.$ By the way, this is the actual last time Apple did a stock split. I did round up the share price numbers to make calculations a little easier, but otherwise this is historically accurate.Here's an article that talks about the actual event: Apple stock split articleYou 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 total 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.