ch 12 q16

Effect of stocks splis. Wiley's Grill A flestaurant Corporatien wholesales ovens and ranges to restaurants throughout the 50uthwest. Wiley's Grill 6 . Restaurant, which had 45,000 shares of common stock outstanding, declared a 4 -for-1 stock, spit. a. What will be the number of shares outstanding after the split? shares. b. If the common stock had a markot price of $156 per shate before the stock splt, what would be an approximate market price per share atter the aplit? per share