A firm has the common stock account as follow:

Common Stock (5,000,000 shares at $3 par) $15,000,000

After 3-for-5 reverse stock split, ____________________.

Question 7 options:

	the number of shares will be 8,333,333 shares and the price per share will be at $1.8 par
	the number of shares will be 3,000,000 shares and the price per share will be at $1.8 par
	the number of shares will be 3,000,000 shares and the price per share will be at $5 par
	the number of shares will be 2,000,000 shares and the price per share will be at $7.5 par
	the number of shares will be 8,333,333 shares and the price per share will be at $5 par