Question

Suppose that a corporation has a market capitalization of $97,000,000,000 with 450M outstanding shares. Calculate the price per share to the nearest cent.

Answer 1

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`

Therefore,

Price per share
`=(Market-capitalization)/(Outstanding shares)`

`=(97,000,000,000)/(450000000) =215.56`

Therefore, the Price per share is $215.56