You currently own 50 shares of stock in Beetle Brothers Inc. The stock currently trades at $60 a share. The company is contemplating a 1-for-2 stock split. Which of the following best describes your position after the proposed stock split takes place?
a. You will have 100 shares of stock, and the stock will trade at or near $60 a share.
b. You will have 100 shares of stock, and the stock will trade at or near $120 a share.
c. You will have 50 shares of stock, and the stock will trade at or near $60 a share.
d. You will have 25 shares of stock, and the stock will trade at or near $120 a share.
e. You will have 25 shares of stock, and the stock will trade at or near $60 a share.