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?