You own 1,000 shares of Jennings Corp. stock, which is currently selling for $88.00. Calculate the number of shares you would own and the stock’s market price after each of the following stock splits.
a. A two-for-one stock split
b. A three-for-one stock split
c. A three-for-two stock split
d. A three-for-four reverse stock split
e. A five-for-three stock split