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

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

Therefore, the Price per share is $215.56