20. Firm A has 100,000 shares outstanding trading for $300 per share and Firm B has 220,000 share outstanding trading for $12 per share. Firm A plans to conduct a 4-for-1 stock split and Firm B plans to conduct a 2-for-5 reverse stock split. Which of the statements below best describes the expected outcome of these transactions?

a. Firm A will have 400,000 shares trading for $1,200 each and Firm B will have 88,000 shares trading for $4.80 each b. Firm A will have 25,000 shares trading for $1,200 each and Firm B will have 550,000 shares trading for $4.80 each c. Firm A will have 400,000 shares trading for $75 each and Firm B will have 550,000 shares trading for $4.80 each d. Firm A will have 25,000 shares trading for $75 each and Firm B will have 550,000 shares trading for $30 each e. Firm A will have 400,000 shares trading for $75 each and Firm B will have 88,000 shares trading for $30 each