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Companies sometimes employ stock splits to bring down the price of its shares so that the stock is more attractive to potential investors. Consider the case of Free Spirit Industries Inc.: Free Spirit Industries Inc. currently has 30,000 shares of common stock outstanding. Its management believes that its current stock price of $100 per share is too high. The company is planning to conduct a 2-for-1 stock split. If Free Spirit Industries Inc. declares a 2-for-1 stock split, the price of the company's stock after the split-assuming that the total value of the firm's stock remains the same before and after the split-should be per share. Bohemian Manufacturing Company is one of Free Spirit's leading competitors. Bohemian Manufacturing's market intelligence research team has learned of Free Spirit's stock split plans, and is considering paying a stock dividend to its own shareholders. As a result, executives at Bohemian Manufacturing decide to offer stock dividends to its shareholders. Bohemian Manufacturing Company currently has 3,300,000 shares of common stock outstanding. If Bohemian Manufacturing pays a 3% stock dividend, how many total shares of common stock will be outstanding after the stock dividend? O 2,889,150 shares 3,399,000 shares 4,248,750 shares 3,568,950 shares