Question: Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Number of

Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table.

Number of Share

(millions) Stock Price = Market

Capitalization

($ millions)

Callaway Golf (ELY) 94.6 $ 16.36 = $ 1547.66

Alaska Air Group (ALK) 123.4 $ 61.96 = $ 7645.86

Yum! Brands (YUM) 332.5 $ 85.13 = $ 28,305.73

Caterpillar Tractor (CAT) 147.4 $ 597.63 = $ 88,090.66

Microsoft (MSFT) 7,705.0 $ 91.27 = $ 703,235.35

a. The price of Yum! Brands stock has risen to $170. What is the market value of the firm's equity if the number of outstanding shares does not change? (Enter your answer in billions rounded to 3 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Austin Company borrowed money by issuing $1,500,000 of 8% bonds payable at 101.2 on July 1, 2021 The bonds are five year bonds and pay interest each January 1 and July 1 Read the requirements 2. How...

Points Possible 10 View Rubric After reading the article "Be in the KNOW," identify at least three recommendations made in the article to prevent the contraction of HIV. Evaluate the three...

The marching band is selling candy bars and fruit snacks for a fundraiser. Candy bars are sold for $2.50 and fruit snacks are $1.50. A total of 650 items were sold, bringing in $1,195. How many candy...

Assume that the marginal product of capital is given by the following expression: MPK = 60/K^0.7 (K is measured in trillions). a) Graph the demand curve for capital and find the equilibrium real...

Triumph Company prepares reversing entries. If the adjusting entry for interest payable is reversed, what type of an account balance, if any, will there be in Interest Payable and Interest Expense...

Identify and sketch the graph of each surface. x = y 2 + z 2 2y 4z + 5

Describe contributions of Melanie Klein.

As CEO of Riverside Marine, Rachel Moore knows it is important to control costs and to respond quickly to changes in the highly competitive boat-building industry. When Gerbig Consulting proposes...

The amount of uncollectible accounts at the end of the year is estimated to be $30,500, using the aging of accounts receivable method. The balance in the Allowance of Doubtful Accounts account is an...

Write a 2000-word Reflection paper on " Country Managers Simulation by considering the following points: Countries chosen during the simulation were Argentina and Brazil: 1. Explain why you did what...

For #10-#12, the monetary transmission mechanism is as follows: The money multiplier is 2.75 The interest rate will change by 2.25% for each $50 billion change in the money supply. The level of...

Factors contributing to behaviors of concern can be: environmental systemic and structural including discrimination physical emotional medications structural individual relational Read the text for...

Let's Apply Use the Venn diagram to identify elements formed in hydrogen burning processes: Proton-proton chain reaction (PPCR) and carbon-nitrogen-oxygen (CNO) cycle. PPCR CNO cycle both

There is an amusement park where children of a certain age get a discount. At the ticket kiosk, the computer asks the age of the participant. If their age is younger than 15, the entrance price is...

E23.3 (LO2, 3) (Preparation of Operating Activities SectionIndirect Method, Periodic Inventory) The income statement of Rodriquez SA is shown below. Rodriquez SA INCOME STATEMENT FOR THE YEAR ENDED...

Currently, over half the human population uses the internet, thus creating the growing problem of what is called "digital pollution" which originates from both the Earth materials used to make the...

PROBLEM TWO (8 Points) Papa Petes International is a U.S. food distributor that buys and sells merchandise in several nonU.S. currencies. Below is a summary of transactions occurring in 2020. Sales...

A bar of length = 1 has one fixed and one free end and stiffness function c(x) = 1 - x. Find the displacement when subjected to a unit force. Pay careful attention to the boundary condition at the...

3. What is the z-score for the x552 observed cases of cancer? How do you interpret this zscore in light of the concern about an elevated rate of hematopoietic cancers in this area? How safe is it to...

31. Find the mean and standard deviation for a binomial distribution with n=100 and these values of p: a. p=.01 d. p=.7 b. p=.9 e. p=.5 c. p=.3.

28. Use Table 1 in Appendix I to find the sum of the binomial probabilities from x50 to x5k for these cases: a. n=10, p=.1,k=3 b. n=15, p=.6, k = 7 c. n=25, p=.5, k = 14