Question

If a certain company has a market cap of 9,698,264 and its current stock price is 64.36, approximately how many shares of the company have been issued? Round your answer to the nearest whole number of shares.

Answer 1

To find the number of shares issued by a company, divide the market cap by the current stock price, giving you approximately 150,668 shares for the given company.

Step-by-step explanation:

To calculate the approximate number of shares that a company has issued, based on its market cap and current stock price, you use the formula:

Number of Shares = Market Cap / Stock Price

Using the provided numbers, the calculation would be as follows:

Number of Shares = 9,698,264 / 64.36

Therefore, the approximate number of shares issued by the company is 150,668, when rounded to the nearest whole number.