A corporation has 51,000 shares of $27 par value stock outstanding that has a current market value of $124. If the corpo

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A corporation has 51,000 shares of $27 par value stock outstanding that has a current market value of $124. If the corpo

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A corporation has 51,000 shares of $27 par value stockoutstanding that has a current market value of $124. If thecorporation issues a 2-for-1 stock split, the market value of thestock is
a. expected to fall to approximately $62.
b. expected to fall to approximately $5.
c. expected to fall to approximately $97.
d. not expected to change.
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