A stock is currently selling for $40 a share. If the firm declares a 3-for-2 stock dividend there will be:

A. two-thirds as many shares outstanding priced at $60 each.

B. three times as many shares outstanding priced at $26.67 each.

C. 50% more shares outstanding priced at $26.67 each.

D. one-and-one-half times as many shares outstanding price at $60 each