Question

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

Answer 1

i think its

215.555555556 or 215.55

Answer 2

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