Answer:
$91.125 million
Explanation:
Data provided in the question:
The Recent stock price of Company ABC = $11.25
Number of shares of common stock outstanding = 8.1 million
Now,
The market capitalization of Company ABC
= stock price × Number of shares of common stock outstanding
or
The market capitalization of Company ABC = $11.25 × 8.1 million
or
The market capitalization of Company ABC = $91.125 million
