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kozerog [31]
3 years ago
10

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.
Mathematics
1 answer:
Paul [167]3 years ago
6 0

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 =\frac{Market-capitalization}{Outstanding shares}

                          =\frac{97,000,000,000}{450000000} =215.56

Therefore, the Price per share is $215.56

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