Tangshan Mining Has 100,000 Shares Outstanding and Just Declared a 3-For-2

Multiple Choice

Tangshan Mining has 100,000 shares outstanding and just declared a 3-for-2 stock split. Before the announcement, the firm's shares were trading at $50.00 per share. After the stock dividend, the firm's shares should trade at ________ per share.

A) $33.33
B) $50.00
C) $75.00
D) none of the above