Wilson Pharmaceuticals’ stock has done very well in the marketduring the last three years. It has risen from $55 to $80 pershare. The firm’s current statement of stockholders’ equity is asfollows:

   

Common stock (1 million shares issued at par valueof $10 per share)	$	10,000,000
Paid-in capital in excess of par		10,000,000
Retained earnings		45,000,000
Net worth	$	65,000,000

a-1. How many shares would be outstanding aftera two-for-one stock split? (Do not round intermediatecalculations. Input your answer in millions (e.g., $1.23 millionshould be entered as "1.23").)
  

a-2. What would be its par value? (Donot round intermediate calculations and round your answer to 2decimal places.)
  

b-1. How many shares would be outstanding aftera three-for-one stock split? (Do not round intermediatecalculations. Input your answer in millions (e.g., $1.23 millionshould be entered as "1.23").)
  

b-2 What would be its par value? (Donot round intermediate calculations and round your answer to 2decimal places.)
  

c. Assume that Wilson earned $16 million. Whatwould its earnings per share be before and after the two-for-onestock split? After the three-for-one stock split? (Do notround intermediate calculations and round your answers to 2 decimalplaces.)
  

d. What would be the price per share after thetwo-for-one stock split? After the three-for-one stock split?(Assume that the price-earnings ratio of 5.00 stays the same.)(Do not round intermediate calculations and round youranswers to 2 decimal places.)