Eifect of Stock Split Willey's Grill a Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grili a Restaurant, wilich had St, ooo thares of comman stock outstanding. declared a 4-for-1 stock spilt. a. What will be the number of shares outstanding after the split? thares b. If the common stock had a market price of $144 per share before the stock split, what would be an approximate market price per thare after the spitt per share Troed uy was What happens to the number of shares when a company has a stock split? Recall the reasons why a company might declare a stock spit. How will the stack splt affect the value of the shares