Effect of stock split

Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had $275,000$ shares of common stock outstanding, declared a $2-$for$-1$ stock split. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Open spreadsheet

a$.$ What will be the number of shares outstanding after the split?

shares

b$.$ If the common stock had a market price of $$450$ per share before the stock split, what would be an approximate market price per share after the split?