After the split;number of shares would increase and stock price decrease.
Hence number of shares outstanding will be=360,000*3
=1,080,000 shares
Market price after the split=($378/3)
=$126 per share
Effect of stock split Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout...
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9 Need this solved asap please. help me with the proper solutions. 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. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. What will be the...