Men's Place Has 15,000 Shares of Stock Outstanding with a Par

Men's Place has 15,000 shares of stock outstanding with a par value of $1 per share and a market value of $19.50 per share.The balance sheet shows $15,000 in the common stock account,$218,000 in the capital in excess of par value account,and $312,500 in the retained earnings account.The firm just announced a 50 percent (large) stock dividend.What is the market value per share after the dividend?

A) $15.25
B) $13.00
C) $29.25
D) $19.50
E) $39.00