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Effect of Stock Split

Willey$$s Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey$$s Grill & Restaurant, which had $75,000$ shares of common stock outstanding, declared a $4-$for$-1$ stock split.

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

fill in the blank $1$

shares

b$.$ If the common stock had a market price of $$156$ per share before the stock split, what would be an approximate market price per share after the split?

$fill in the blank $2$

per share