Question: Consider the table given below to answer the first question (Shares and market values in millions.): Number of Shares Stock Price = Market Capitalization Callaway
| Consider the table given below to answer the first question (Shares and market values in millions.): |
|
| Number of Shares |
|
| Stock Price |
| = |
| Market Capitalization |
| |||||||
| Callaway Golf (ELY) |
| 71.00 |
|
|
| $ | 6.58 |
|
| = |
| $ | 467 |
|
| |
| Alaska Air Group (ALK) |
| 70.34 |
|
|
| $ | 57.50 |
|
| = |
| $ | 4,045 |
|
| |
| Este Lauder (EL) |
| 366.25 |
|
|
| $ | 65.70 |
|
| = |
| $ | 24,063 |
|
| |
| Yum! Brands (YUM) |
| 450.73 |
|
|
| $ | 67.72 |
|
| = |
| $ | 30,523 |
|
| |
| General Electric (GE) |
| 10,398.00 |
|
|
| $ | 23.77 |
|
| = |
| $ | 247,160 |
|
| |
| The price of Estee Lauder stock has risen to $90. What is the market value of the firms equity? (Enter your answer in billions rounded to 3 decimal places.) |
| Market value | $ billion |
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