The Olive Vase Has 56,000 Shares of Stock Outstanding with a Par

The Olive Vase has 56,000 shares of stock outstanding with a par value of $1 per share and a market value of $11 a share.The company just announced a 3-for-4 reverse stock split.Currently,you own 500 shares of this stock.What will the total value of your shares be after the reverse stock split?

A) $3,300
B) $4,400
C) $5,500
D) $5,867
E) $6,333