Assume a company declares a 3-for-1 stock split. The pre-split price is $120 per share. You own 100 shares of the stock prior to the split. Which of the following statements characterizes your position after the split?

a) You own 33 shares of a $360 per share stock.

b) You own 300 shares of a $360 per share stock.

c) You own 300 shares of a $40 per share stock.

d) You own 300 shares of a $120 per share stock.