Effect of Stock Split Wiliey's Grill \& Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Gnil & Restaurant, which had 30,000 shares of common stock outstanding, declared a 2 -for-1 stock split. a. What will be the number of shares outstanding after the split? 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 arter the split? per share