On July 1, Alto Corp. split its common stock 5-for-1 when the market value was $100 per share. Prior to the split, Alto had 10,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock:\ \ Group of answer choices\ \ Was reduced to $8.\ \ Was reduced to $2.\ \ Remained at $10.\ \ Was reduced to $5.