Amazing Growth Company shares currently trade at $108 per share. There are 24 million shares outstanding. If the shares are split 3-for-1, how many shares will be outstanding, and what value per share will they have (ignoring any other market changes)?

8 million shares; $324 per share

8 million shares; $36 per share

48 million shares; $54 per share

72 million shares; $36 per share

Isnt it the first option?