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E 8-22 eBook Effect of Stock Split Audrey's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest. Audrey's Restaurant Corporation, which had 50,000
E 8-22 eBook Effect of Stock Split Audrey's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest. Audrey's Restaurant Corporation, which had 50,000 shares of common stock outstanding, declared a 6-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $540 per share before the stock split, what would be an aporosimate market price per share after the spliter per share
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