A company has a market capitalization of $20,000,000. It has 30% of its market cap sold under preferred stock and 70%

Business

1 answer:

Kruka [31]3 years ago

6 0

Answer: $6,000,000

Explanation:

Hi, to answer this question we simply have to multiply the total market capital of the company (20,000,000) by the percentage under preferred stock (30%) in decimal form.

Mathematically speaking:

20,000,000 x (30/100) = $6,000,000

Feel free to ask for more if needed or if you did not understand something.

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