Frederic's Ltd in Vancouver Has 47,500 Shares of Stock Outstanding

Frederic's Ltd in Vancouver has 47,500 shares of stock outstanding with a par value of $1.00 per share and a market price of $42 a share. The firm just announced a 3-for-2 stock split. What will the market price per share be after the split?

A) $21.00
B) $28.00
C) $42.00
D) $54.00
E) $63.00