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A company declared a 5 for 3 stock split when the stock was selling at $250 per share. Prior to the split, the firm had

A company declared a 5 for 3 stock split when the stock was selling at $250 per share. Prior to the split, the firm had $50 million in common stock with a $6 par. Which of the following answers would be correct after the split?

Common stock = $83.35 mil

Stock price = $417

Par value = $3.60

Stock price = $150

Common Stock = $30 mil

Stock price = $150

Par value = $10

Stock price = $41.70

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