Answer: 2,975 shares at $2.55 per share
Explanation:
The split decreases the price per share but must mantein the original amount of money owed of shares.
So will increas the amount of share up to the original amount of money in shares
595 shares (x) $12.75 = $7,586.25
12.75 ÷5= $2.55 (new price per share).
Shares needed to get the original $7,586.25
$7,586.25 ÷ $2.55 = 2,975 shares after the split.
