Effect of Stock Split Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 72,000 shares of common stock outstanding, declared a 2-for-1 stock split a. What will be the number of shares outstanding after the split? X shares b. If the common stock had a market price of $96 per share before the stock split, what would be an approximate market price per share after the split? * Ter share Feedback Check My Work What happens to the number of shares when a company has a stock split? Recall the reasons why a company might declare a stock split. How will the stock split affect the value of the shares