Question

What is the market capitalization of Company ABC with a most recent stock price of $11.25, and the company has 8.1 million shares of common stock outstanding?

Answer 1

$91.125 million

Step-by-step explanation:

Data provided in the question:

The Recent stock price of Company ABC = $11.25

Number of shares of common stock outstanding = 8.1 million

Now,

The market capitalization of Company ABC

= stock price × Number of shares of common stock outstanding

or

The market capitalization of Company ABC = $11.25 × 8.1 million

or

The market capitalization of Company ABC = $91.125 million