Question

BrandCo currently has 65.6 million shares outstanding. If BrandCo's shares are traing at $57 per share, what is the company's market capitalization (i.e., value of equity)

Answer 1

$3,739.20 million

Step-by-step explanation:

Calculating the company's market capitalization

- 65.6 million shares outstanding

- If BrandCo's shares are trading at $57 per share

Company's market capitalization = Shares outstanding * Current price

Company's market capitalization = 65.6 million shares * $57

Company's market capitalization = $3,739.20 million