Stock Split Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 75,000 shares of common stock outstanding, declared a 4-for-1 stock split. . What will be the number of shares outstanding after the split? shares . If the common stock had a market price of $96 per share before the stock split, what would be an approximate market price per share after the split? per share

Stock Split Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 75,000 shares of common stock outstanding, declared a 4-for-1 stock split. . What will be the number of shares outstanding after the split? shares . If the common stock had a market price of $96 per share before the stock split, what would be an approximate market price per share after the split? per share

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Effect of 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 $95 per share before the stock s

plit, what would be an approximate market price per share after the split? per share

Effect of Stock Split
Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 75,000 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 $96 per share before the stock split, what would be an approximate market price per share after the split?
per share.

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