Effect of Stock Split Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 33,000 shares of common stock outstanding, declared a 4-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 $192 per share before the stock split, what would be an approximate market price per share after the split? per share