Question: PLEASE HELP WITH THIS PROBLEM FROM MY ACCOUNTING CLASSS: Effect of Stock Split Gino's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Midwest.

PLEASE HELP WITH THIS PROBLEM FROM MY ACCOUNTING CLASSS:

Effect of Stock Split

Gino's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Midwest. Gino's Restaurant Corporation, which had 54,000 shares of common stock outstanding, declared a 3-for-1 stock split (2 additional shares for each share issued).

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

b. If the common stock had a market price of $132 per share before the stock split, what would be an approximate market price per share after the split? $______ per share

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