Effect of Stock Split Willey’s Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey’s Grill & Restaurant, which had 325,000 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 $450 per share before the stock split, what would be an approximate market price per share after the split?$fill in the blank 2 per share
Effect of Stock Split Willey’s Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey’s Grill & Restaurant, which had 325,000 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 $450 per share before the stock split, what would be an approximate market price per share after the split?$fill in the blank 2 per share
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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Effect of Stock Split
Willey’s Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey’s Grill & Restaurant, which had 325,000 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 $450 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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