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Suppose that a corporation has a market capitaliation of 97,000,000,000 with 450M outstanding shares. Calculate price per share to nerest cent.

Respuesta :

JoannaParker

i think its

215.555555556 or 215.55

JwArii

Suppose that a corporation has a market capitalization of $97,000,000,000 with 450M outstanding shares.


Solution: We are given:


Market Capitalization = $ 97,000,000,000


Outstanding shares = 450M = 450,000,000

Price per share = Market-capitalization/ Outstandingshares

       = 97,000,000,000/45,000,000 = 215.56

So, the Price per share is $215.56

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