Question: BE 1 2 . 2 ( LO 6 ) When Radio Shack announced a 2 : 1 stock split, the company had 9 7 million

BE12.2(LO 6) When Radio Shack announced a 2:1 stock split, the company had 97 million shares outstanding, trading at $100 per share.
Estimate the number of shares outstanding and market price per share immediately after the split.
Estimate the companys overall market value, and explain whether you expect the companys overall market value to change due to the split.

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