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Effect of stock split Willeys Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willeys Grill & Restaurant, which had 24,000

Effect of stock split

Willeys Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willeys Grill & Restaurant, which had 24,000 shares of common stock outstanding, declared a 3-for-1 stock split.

a. What will be the number of shares outstanding after the split? fill in the blank 1 of 2 shares

b. If the common stock had a market price of $216 per share before the stock split, what would be an approximate market price per share after the split? fill in the blank 2 of 2$ per share

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