1. Pohlman Corp. is considering a 3-for-1 stock split. The stock currently sells for for $48 per share.
(a) What will the price of the stock be after the split?
(b) Before the split, you have 100 shares of Pohlman. How many shares do you have after the split?
(c) What was the value of your investment (if you have 100 shares before the split) before and after the split? How has the split changed (or not changed) the overall value of your investment in Pohlman?
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