Question 9 (10 points) Blue-1, Corp., has 50,000 shares outstanding with a par value of $2.00. Its Board of Directors declares a 5 for 4 stock split. Determine the final number of shares and the subsequent par value of each share. a) 62,500 shares with a par value of $1.60 b) 65,000 shares with a par value of $1.54 c) None of these answers is correct d) 60,000 shares with a par value of $1.67