Effect of stock split Willey's Grill \& Restaurant Corporation wholesales ovens and ranges to restaurants...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Effect of stock split Willey's Grill \& Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill \& Restaurant, which had 51,000 shares of common stock outstanding, declared a 2 -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 $132 per share before the stock split, what would be an approximate market price per share after the split? $ per share
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
