Sony Inc. has the following equity account balances: common stock of $90,000 with a $1 par value, capital surplus of $568,000, and retained earnings of $894,000. The stock has a market value of $68 a share. Assume the firm does a 3-for-2 stock split. All else constant, what will the market price per share be after the split?

Select one:

a. $45.33

b. $88.40

c. $42.60

d. $102.00

e. $52.31