Response to the following problem:
Golden Hearth Corporation wholesales ovens and ranges to restaurants throughout the Midwest. Golden Hearth Corporation, which had 25,000 shares of common stock outstanding, declared a 5-for-1 stock split (4 additional shares for each share issued).
a. What will be the number of shares outstanding after the split?
b. If the common stock had a market price of $165 per share before the stock split, what would be an approximate market price per share after the split?