Question

Consider the following stock price and shares outstanding data: Stock Name Price per Share Shares Outstanding (Billions) Lowes $28.80 1.53 Wal-Mart $47.90 4.17 Intel $19.60 5.77 Boeing $75.00 0.79 The total market capitalization for all four stocks is closest to:

Answer 1

Answer: B. $415 Billion

Step-by-step explanation:

Total Market Cap is the total market value of all the stock of the 4 companies.

= ∑(Price per share * Shares outstanding)

= (28.8 * 1.53) + (47.90 * 4.17) + (19.60 * 5.77) + (75 * 0.79)

= 44.064‬ + ‭199.743‬ + ‭113.092‬ + ‭59.25‬

= $‭416 billion

Closest to option B.