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What would be an approximate market price per share

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Yeoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Yeoman Grill Restaurant Corporation, which had 33,000 shares of common stock outstanding, declared a 3-for-1 stock split.

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

Problem b. If the common stock had a market price of $120 per share before the stock split, what would be an approximate market price per share after the split?

Reference no: EM132994729

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