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 spre$$dsheet

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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