The Retail Outlet Has 6,000 Shares Outstanding with a Par

The Retail Outlet has 6,000 shares outstanding with a par value of £1.00 per share.The current market value of the firm is £420,000.The statement of financial position shows the additional paid
In capital account value of £136,000 and retained earnings of £234,000.The company just
Announced a 2-for-1 stock split.What will the market price per share be after the split?

A) £35
B) £40
C) £55
D) £70
E) £140