The Retail Outlet Has 6,000 Shares of Stock Outstanding with a Book

The Retail Outlet has 6,000 shares of stock outstanding with a book value of $1.00 per share. The current market value of the firm is $420,000. The balance sheet shows 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