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Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants through- out the Southwest. Copper Grill Restaurant Corporation, which had 50,000 shares of com- mon

Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants through- out the Southwest. Copper Grill Restaurant Corporation, which had 50,000 shares of com- mon stock outstanding, declared a 3-for-1 stock split. a. What will be the number of shares outstanding after the split? b. If the common stock had a market price of $210 per share before the stock split, what would be an approximate market price per share after the split?

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