Answer the question based on the following information (equity section of ABC firm):

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

Paid in excess (market value $8 per share) $25,000,000

Retained Earnings $10,000,000

Total Common Equity $50,000,000

If ABC has a two-for-one stock split, what is the book value per share after split?

Question 12 options:

	$1.5
	$5
	$3
	$10