Effect of A reduction in the par or stated value of a common stock and the issuance of a proportionate number of additional shares.Stock Split

Gino's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Midwest. Gino's Restaurant Corporation, which had 33,000 shares of The stock outstanding when a corporation has issued only one class of stock.common stock outstanding, declared a 3-for-1 Shares of ownership of a corporation.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 $144 per share before the stock split, what would be an approximate market price per share after the split? ? $ per share