ABC's capital structure is as follows:

Common Stock ($4 par) $90 mil

Paid-in capital in excess 300 mil

Retained Earnings 700 mil

Currently, the stock is selling at $260. If the firm does a 5 for 1 split, which of the following would be correct after the split?

1. Par value = $20 Number of shares = 112.5 mil Stock price = $52
   		Par Value = $.80 Number of shares = 112.5 mil Stock price = $52
   		Par value = $.80 Number of shares = 450 mil Stock price = $52
   		Par value = $20 Number of shares = 112.5 mil Stock price = $208