The Stockholders' Equity Section of the Balance Sheet of the XYZ

Multiple Choice

The stockholders' equity section of the balance sheet of the XYZ Corp. is as follows: $$\begin{array} { l l } \text { Common stock (\$6 par) } & \$ 24,000,000 \\\text { Retained earnings } & \$ 125,000,000 \\\text { Total } &\$ 149,000,000 \end{array}$$ If the company now splits its stock 3-for-1, which of the following is correct?

A) The par value per share will remain at $6.
B) The market price per share will probably remain unchanged.
C) The book value per share will decline to $17.60.
D) The par value per share will decline to $2.00.