Eifect of Stock 5 plit Willer's Gril \& Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill 8 Restaurant, which had 39,000 shares of coamon stock outstanding, declared a 4 -for-1 stock split. a. What wiil be the number of shaces outstanding after the split? shares b. If the common stock had a market price of $228 per share before the stock split; what would be an approximate market price per share after the split? per share Effect of Stock Split Willey's Grill \& Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Gril common stock outstanding, declared a 4-for-1 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 $228 per share before the stock split, what would be an approximate mark X per share Feedbeck Theck My Work What happens to the number of shares when a company has a stock split? Recall the reasons why a company migh affect the value of the shares