On January 1,2015,WVC Split Its Common Shares 4 for 1

On January 1,2015,WVC split its common shares 4 for 1 when the market value was $80 per share.Prior to the split,WVC had 50,000 common shares issued and outstanding (average issue price $12 per share) .After the split,the average issue price of the shares was reduced:

A) By $3 per share.
B) To $3 per share.
C) To $4 per share.
D) To $2.40 per share.
E) No change in the par value.