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The Retail Outlet has 6,000 shares of stock outstanding with a par value of $1.00 per share. The current market value of the firm is

The Retail Outlet has 6,000 shares of stock outstanding with a par value of $1.00 per share. The current market value of the firm is $420,000. The balance sheet shows the capital in excess of par account value of $136,000 and retained earnings of $234,000.

The company just announced a 2-for-1 stock split. How many shares of stock will be outstanding after the split?

a.3,000

b.6,000

c.9,000

d.12,000

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