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Effect of Stock Split Audrey's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest. Audrey's Restaurant Corporation, which had 36,000 shares of common

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Effect of Stock Split Audrey's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest. Audrey's Restaurant Corporation, which had 36,000 shares of common stock outstanding, declared a 2-for-1 stock split (1 additional shares for each share issued). a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $228 per share before the stock split, what would be an approximate market price per share after the split? per share Check My Work 10 more Che Work uses remaining Previous Next TI a * 20 PM

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