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If Acme Corporation's current share price is $40 and it has issued 1 million shares of stock, then its market cap is
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If Acme Corporation's current share price is $40 and it has issued 1 million shares of stock, then its market cap is

User Matthew Goheen
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Answer:

$40,000,000

Step-by-step explanation:

The company's market capitalization is the value of the total number of equity shares which is derived by multiplying the stock's current market price by its number of shares.

Market capitalization=current share price*number of shares outstanding

current share price=$40

number of shares outstanding=1,000,000

Market capitalization=$40*1,000,000

Market capitalization=$40,000,000

User Ran Yefet
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