River Town Imports Has 9,500 Shares of Stock Outstanding

River Town Imports has 9,500 shares of stock outstanding. The current market value of the firm is $682,000. The balance sheet shows retained earnings of $387,000. The company just announced a 3-for-2 stock split. What will the market price per share be after the split?

A) $32.92
B) $47.86
C) $64.18
D) $87.05
E) $107.68