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.