Gino's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Midwest. Gino's Restaurant Corporation, which had 33,000 shares of common stock outstanding, declared a 4-for-1 stocksplit.
a. What will be the number of shares outstanding after the split? shares
b. If the common stock had a market price of $108 per share before the stock split, what would be an approximate market price per share after the split?