On May 1, 2013, Monroe Corporation had 200,000 shares of $200 par value common stock outstanding with a market value of $320 per share. On May 2, 2013, Monroe announced a 4-for-1 stock split. After the split, the par value of the stock remained the same as before the split. was reduced to $50 per share. was reduced to $80 per share. was reduced to $100 per share