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Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had $285,000$ shares of common stock outstanding, declared a $2-$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.

a$.$ What will be the number of shares outstanding after the split? Round your answer to nearest whole number.

shares

b$.$ If the common stock had a market price of $$438$ per share before the stock split, what would be an approximate market price per share after the split? Round your answer to the nearest dollar.

Effect of stock split

Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaura throughout the Southwest. Willey's Grill & Restaurant declared a stock split:

$3$

$4$

DATA

$\backslash$table$[[$Shares outstanding befo

Effect of stock split

Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant declared a stock split:

$\backslash$table$[[$DATA$],[$Shares outstanding before the stock split,$285,000],[$Stock split,$2$ for $1],[$Market price per share before the stock split,$$438$re the stock split,$285,000],[$Stock split,$2$ for $1],[$Market price per share before the stock split,$$438$

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