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

The Retail Outlet has 6,000 shares of stock outstanding with a par value of $1 per share.The current market value of the firm is $120,000.The company just announced a one-for-three reverse stock split.What will the par value per share be after the split?

A) $) 33
B) $) 25
C) $1.00
D) $3.00
E) $4.00