lehaley5753 lehaley5753

28-05-2021
Business

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BrandCo currently has 65.6 million shares outstanding. If BrandCo's shares are traing at $57 per share, what is the company's market capitalization (i.e., value of equity)

Respuesta :

Tundexi Tundexi

29-05-2021

Answer:

$3,739.20 million

Explanation:

Calculating the company's market capitalization

- 65.6 million shares outstanding

- If BrandCo's shares are trading at $57 per share

Company's market capitalization = Shares outstanding * Current price

Company's market capitalization = 65.6 million shares * $57

Company's market capitalization = $3,739.20 million

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