Question: Question Content Area Effect of Stock Split Willeys Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willeys Grill & Restaurant,

  1. Question Content Area

    Effect of Stock Split

    Willeys Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willeys Grill & Restaurant, which had 24,000 shares of common stock outstanding, declared a 4-for-1 stock split.

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

  2. b. If the common stock had a market price of $144 per share before the stock split, what would be an approximate market price per share after the split? $ _________ per share

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