Which of the following does NOT occur after a 3-for-1 stock split?

Select one:

a.

The contributed capital on the B/S is tripled.

b.

The market price per share declines to approximately 1/3 its previous value.

c.

All shareholders hold three times as many shares as they previously held.

d.

The par value of the stock, if any, is reduced to 1/3 its previous value.