ABC has

55 comma 00055,000

shares of

$ 11.00$11.00

par common stock outstanding. ABC announces a stock split of

44minus?forminus?1.

What is the effect of the? split?

A.

par drops to

$ 5.50$5.50?;

total shares stay at 55 comma 00055,000

B.

par stays at

$ 11.00$11.00?;

total shares increase to 13 comma 75013,750

C.

par goes to

$ 44.00$44.00?;

total shares increase to 220 comma 000220,000

D.

par drops to

$ 2.75$2.75?;

total shares increase to 220 comma 000