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(Stock split) City Center Pharmacy has 24,500 shares of stock outstanding with a par value of $1 per share and a market value of $18.90

(Stock split) City Center Pharmacy has 24,500 shares of stock outstanding with a par value of $1 per share and a market value of $18.90 a share. The company just announced a reverse stock split of three-for-five. What will be the market value per share after the reverse stock split? Group of answer choices $12.67

$11.34

$33.14

$23.33

$31.50

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