Bruno's Has 7,000 Shares Outstanding with a Par Value of £1.00

Bruno's has 7,000 shares outstanding with a par value of £1.00 per share and a market value of £12 per share.The statement of financial position shows £7,000 in the ordinary equity account,£58,000 in the additional paid in capital account,and £32,500 in the retained earnings account.The firm just announced a 50% (large) stock dividend.What is the market value per share after the dividend?

A) £6.00
B) £8.00
C) £9.00
D) £10.50
E) £12.00