Assume that you own 100 shares of $12 par value common stock of a company and the company has a 2-for-1 stock split when the market price per share is $58.

Required:

a. How many shares of common stock will you own after the stock split?

b. What will probably happen to the market price per share of the stock?

	The market price per share should be half of what it was.
	The market price per share should be double.
	The market price per share should remain same.

c. What will probably happen to the par value per share of the stock?

	The par value per share will decrease.
	The par value per share will increase.
	The par value per share will remain same.