You currently own 50 shares of stock in Beetle Brothers Inc. The stock currently trades at $60 a share. The company is contemplating a 1-for-2 stock split. Which of the following best describes your position after the proposed stock split takes place?

Select one:

a. You will have 100 shares of stock, and the stock will trade at or near $60 a share.

b. You will have 100 shares of stock, and the stock will trade at or near $120 a share.

c. You will have 50 shares of stock, and the stock will trade at or near $60 a share.

d. You will have 25 shares of stock, and the stock will trade at or near $120 a share.

e. You will have 25 shares of stock, and the stock will trade at or near $60 a share

Martin Motors recently completed a 2-for-1 stock split. Prior to the split, the company had 10 million shares outstanding and its stock price was $150 per share. After the split, the total market value of the companys stock equaled $1.5 billion. What was the price of the companys stock following the stock split?

Select one: a. $ 15 b. $ 50 c. $ 75 d. $150 e. $450