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What would be an approximate market price per share

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Reference no: EM132709427

Problem - Effect of stock split - Audrey's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest. Audrey's Restaurant Corporation, which had 50,000 shares of common stock outstanding, declared a 6-for-1 stock split.

Required -

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

b. If the common stock had a market price of $540 per share before the stock split, what would be an approximate market price per share after the split?

Reference no: EM132709427

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