Effect ofStock Split

Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 325,000 shares ofcommon stockoutstanding, declared a 3-for-1stocksplit.

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?

$__________ per share