Pohlman Corp. is thinking a 3-for-1 stock split. Stock presently sells for $48 per share.
i) Find price of stock be after split?
ii) Before split, you have 100 shares of Pohlman. How many shares have after split?
iii) Find value of the investment (if you have 100 shares before split) before and after split? How has split changed (or not changed) overall value of the investment in Pohlman?