Effect of Stock Split Audrey's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest. Audrey's Restaurant Corporation, which had 27,000 shares of common stock outstanding, declared a 4-for-1 stock split (3 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 $156, per share before the stock split, what would be an approximate market price per share after the split? per share