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Edie's has 14,500 shares of stock outstanding with a par value of $1 per share and a market value of $7.22 a share. The company

Edie's has 14,500 shares of stock outstanding with a par value of $1 per share and a market value of $7.22 a share. The company just announced a 1-for-3 reverse stock split. What will be the value of the common stock account after the split?

a. $4833

b. $18,850

c. $43,500

d. $11,154

e. $14,500

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