Question

Assume General Electric (GE) has about 10.3 billion shares outstanding and the stock price is $37.10. Calculate the market value for GE. (Approximately)

Answer 1

Answer: $382 billion

Step-by-step explanation:

The market capitalization refers to the total market value of the equity of a firm and this is calculated as the firm's stock market price multiplied by the number of shares that's outstanding. This will be:

= 10.3 billion × $37.10

= $382 billion

Therefore, the market value for GE is $382 billion.