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Yeoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Yeoman Grill Restaurant Corporation, which had 39,000 shares of common stock outstanding,
Yeoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Yeoman Grill Restaurant Corporation, which had 39,000 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 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 per share
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