Concord Corporation splits its common stock $4$ for $1,$ when the market value is $$97$ per share. Prior to the split, Concord had $100000$ shares of $$20$ par value common stock issued and outstanding. After the split, the par value of the stock

remains the same.

is reduced to $$80$ per share.

is reduced to $$5$ per share.

is reduced to $$4$ per share.