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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 275,000
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 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 below. X THITHIL Open spreadsheet a. What will be the number of shares outstanding after the split? Round your answer to nearest whole number. shares b. If the common stock had a market price of $558 per share before the stock split, what would be an approximate market price per share after the split? Round your answer to the nearest dollar. $
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