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What would be an approximate market price per share

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Question

Effect of Stock Split

Willey's Grill & Restaurant

Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 325,000 shares of common stock outstanding, declared a 3-for-1 stock split.

a. What will be the number of shares outstanding after the split?

_________ shares

b. If the common stock had a market price of $450 per share before the stock split, what would be an approximate market price per share after the split?

$ __________ per share

Reference no: EM132363373

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