Smelling Company declared a 2- for- 1 stock split on its common stock in order to intentionally reduce the market value of its stock so that it would be an attractive investment for a larger set of investors. The company's common stock is described as follows:
Common stock: 100,000 shares outstanding, $ 10 par value, originally sold at $ 12.50, current market price $ 50.
Describe the likely impact, if any, that the 2- for- 1 stock split will have on:
a) the number of shares outstanding,
b) the market price of the stock, and
c) the total stockholders' equity attributable to common stock.