Mastercard, Inc., completed a ten-for-one stock split on January 22, 2014. Immediately before the stock split there

Question:

Mastercard, Inc., completed a ten-for-one stock split on January 22, 2014. Immediately before the stock split there were 120.38 million shares outstanding at a price of $826.00 per share. After the split how many shares were outstanding, and at what price would you expect them trade? Did the stock split cause any substantial change for Mastercard or the investors? Why would Mastercard management choose to split the company’s stock?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals of Corporate Finance

ISBN: 978-1119371403

4th edition

Authors: Robert Parrino, David S. Kidwell, Thomas Bates

Question Posted: