Bailey Motors Inc. has 300,000 shares of common stock outstanding that is currently selling at a price of $100 per share. The company has announced a 3-for-2 stock split. Assume that signaling, market imperfections, and taxes are not factors. Determine the number of shares outstanding for the company after the stock split takes effect.

Group of answer choices

450,000 shares

200,000 shares

900,000 shares

300,000 shares