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cengagenow.com/iln/takeAssignment/takeAssignmen ntMain.do?invoker-assignments&ttakeAssignmentSessionLocator; assignment-take&inprogress-false; eBook Show Me How Calculator Effect of Stock Split Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 54,000 shares of common stock outstanding, declared a 4-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 $156 per share before the stock split, what would be an approximate market price per share after the split? per share Prev 9-10 AMExplanation / Answer
a.Number of shares outstanding =(54000*4)=216000 shares
b.Market price after split=(156/4)=$39 per share.
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