Evaluate the Price of the company's stock following the stock split.
Albany Motors recently completed a 3-for-1 stock split. Prior to the split, the company had 10 million shares outstanding and its stock price was $150 per share. After the split, the total market value of the company's stock equaled $1.5 billion. What was the price of the company's stock following the stock split?
a. $15
b. $45
c. $50
d. $150
e. $450