Suppose a company's shares are trading at $$120$ a share and the company has $100$ million shares outstanding. The company

announces a $4$:$1$ stock split. Which of the following is correct?

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a Share price becomes $$480,$ shares outstanding doesn't change

b Share price becomes $$480,$ shares outstanding drops to $25$ million

Share price and shares outstanding don't change

d Share price becomes $$30,$ shares outstanding becomes $400$ million

Share price becomes $$30,$ shares outstanding becomes $25$ million