Question 3 (1 point) Which of the following statements correctly describes the effect on a company's value per common share of a 2-for-1 split of its common shares, ignoring any other considerations? 1) The value per common share will decrease by 50%. 2) The value per common share will increase by 50%. 3) There will be no effect on the value per common share. 4) The value per common share will decrease by 100%