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gage com/ mtakeAssignment takeAssignmentMan doinvoker-assignmentsatakeAssignmentSessonlator:ass ment takeanprogresm eBook Show Me How Calculator 1 Effect of Stock Split Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 21 shares of common stock outstanding, declared a 3-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 $120 per share before the stock solit, what would be an approximate market price per share after the splt per share 633 PM Check My Work

Explanation / Answer

a.Number of shares outstanding=(21000*3)=63000 shares.

b.Market price after stock split=($120/3)=$40 per share.

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