The stockholders equity section of the balance sheet of the XYZ corporation is as follows:

common stock ($10 par) $20,000,000

Retained earnings $176,000,000

Total $196,000,000

If the company now splits its stock 5 for 1, which of the following is correct?

Select one:

a. the par value per share will remain at $5b. the market price per share will probably remain unchangedc. the book value per share will decline to $17.60d. the par value per share will decline to $1.00e. none of the above