k split. If a company declares a $3-$for$-1$ stock split, the price before the split is $$120,$ and the price after the split is $$40,$ show that a current shareholder is no better off after the split.

rent shareholders are no better off after the $3-$for$-1$ split because if they owned one share at $$120$ per share before the split, they would then own

shares worth $$40$ each immediately after

split. $($Select from the drop$-$down menu.$)$