Murfee Co. stock currently sells for $180 a share. You own 100 shares of the stock. The company is contemplating a 3-for-1 stock split. Which of the following best describes what your position will be after such a split takes place?

Group of answer choices

1.) You will have 300 shares of stock, and the stock will trade at or near $180 a share

2.) You will have 300 shares of stock, and the stock will trade at or near $60 a share.

3.) You will have 100 shares of stock, and the stock will trade at or near $60 a share

4.) You will have 33 shares of stock, and the stock will trade at or near $120 a share.