What is Game Stop's Market Capitalization (Market Cap) AFTER the split? Explain your answer.
Market conditions drove Game Stop's stock price very high very fast! The company now wants to institute a 5 for 1 stock split. The price per share was $150 per share. There are 50 billion shares in the market.
Formulas that will help below:
Market Cap = Number of shares outstanding X price per share.
What is Game Stop's Market Capitalization (Market Cap) BEFORE the split?
$75 Billion, or $75,000,000,000
$7500 Million or $7,500,000,000
$7500 Billion or $7,500,000,000,000 or 7.5 trillion
$75 Million or $75,000,000
What was the number of shares in the market AFTER the split?