The stockholders' equity section of the balance sheet of the XYZ Corp. is as follows:
Common Stock ($6 par) $24,000,000
Retained Earnings $125,000,000
Total $149,000,000
If the company now splits its stock 3-for-1, which of the following is correct? A. The par value per share will remain at $6. B. The market price per share will probably remain unchanged. C. The book value per share will decline to $17.60. D. The par value per share will decline to $2.00.