Question: Ma Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Ma Restaurant Corporation, which had 40,000 shares of common stock outstanding, declared a

Ma Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Ma Restaurant Corporation, which had 40,000 shares of common stock outstanding, declared a 4-for-1 stock split (3 additional shares for each share issued).

a. What will be the number of shares outstanding after the split?
b. If the common stock had a market price of $300 per share before the stock split, what would be an approximate market price per share after the split?

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