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Effect of Stock Split Yeoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Yeoman Grill Restaurant Corporation, which had 5 7
Effect of Stock Split
Yeoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Yeoman Grill Restaurant Corporation, which had
shares of common stock outstanding, declared a for stock split.
a What will be the number of shares outstanding after the split?
shares
b If the common stock had a market price of $ per share before the stock split, what would be an approximate market price per share after the split?
$
per share
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