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Effect of stock split Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 3

Effect of stock split
Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 315,000 shares of common stock outstanding, declared a 3-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 belo'w.
Open spredsheet
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?
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