Effect of Stock Split Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 39,000 shares of common stock outstanding, declared a 3-for-1 stock split. a.  What will be the number of shares outstanding after the split? shares b.  If the common stock had a market price of $84 per share before the stock split, what would be an approximate market price per share after the split?$ per share

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Effect of Stock Split

Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 39,000 shares of common stock outstanding, declared a 3-for-1 stock split.

a.  What will be the number of shares outstanding after the split?
 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?
$ per share

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