Effect of Stock Split Yeoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Yeoman Grill Restaurant Corporation, which had 33,000 shares of common stock outstanding, declared a 2-for-1 stock split. a. What will be the number of shares outstanding after the split? fill in the blank 1 shares b. If the common stock had a market price of $84 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 Yeoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Yeoman Grill Restaurant Corporation, which had 33,000 shares of common stock outstanding, declared a 2-for-1 stock split. a. What will be the number of shares outstanding after the split? fill in the blank 1 shares b. If the common stock had a market price of $84 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Effect of Stock Split
Yeoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Yeoman Grill Restaurant Corporation, which had 33,000 shares of common stock outstanding, declared a 2-for-1 stock split.
a. What will be the number of shares outstanding after the split?
fill in the blank 1 shares
b. If the common stock had a market price of $84 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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