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?
1 point
1
Question 2
2.
What was the number of shares in the market AFTER the split?
1 point
1
Question 3
3.
What was the price per share AFTER the split?
1 point
1
Question 4
4.
What is Game Stop's Market Capitalization (Market Cap) AFTER the split? Explain your answer.