Question 18. A Chapter 2 Corporate Finance 9th edition book Functions of Financial markets: look back...
Question 18. A Chapter 2 Corporate Finance 9th edition book
Functions of Financial markets: look back at section 2.3 and then answer the question:
Question is: The price of Entergy stock has risen to 90.00 what is the market value of the firm's equity if the number of outstanding shares does not change? Number of Shares: 178.5.
The book has the number of shares 178.5 X stock price 75.92= 13,551 (market capitalization in millions)
If you could please explain step by step how to get the answer to this question. I don't understand how to get the answer. Thank you
Homework Answers
The market value of the firms equity = Number of shares * Market value per share
The market value per share has now risen to $90 and number of shares is 178.5 Million
The market value of the firms equity = 178.5 * 90 = $16,065 Million
So, the market capitalization has risen from 13,551 million to 16,065 million
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Question 18. A Chapter 2 Corporate Finance 9th edition book
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Consider the table given below to answer the first question (shares and market values in millions). Callaway Golf (ELY) Alaska Air Group (ALK) Entergy (ETR) Yum! Brands (YUM) General Electric (GE) Number of Shares 93.8 124.7 178.5 408.7 9,331.2 X X * * Market Stock Price = Capitalization $ 8.76 = $ 821 $ 80.77 = $ 10,674 $ 75.92 = $ 13,551 $ 77.77 = $ 31,875 $ 30.34 = $283, 691 * a. The price of Entergy stock...
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My question is Q7 efficient markets hypothesis , thank you
.
Chapter 12 Some Lessons from Capital Market History 5. Efficient Marke officient Markets Hypothesis (LO4] A stock market analyst is able to identify mispriced stocks by comparing the average price for the last 10 days to the average ce for the last 60 days. If this is true, what do you know about the market? emistrong Efficiency (LO4] If a market is semistrong form efficient, is it also price...
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**THIS QUESTION HAS 4 PARTS TOTAL**
1. What is the cost of equity?
2. What is the percentage of equity used by McCann Catching,
Inc.?
3. What is the WACC for McCann Catching, Inc.?
4. What is the NPV of the expansion? (answer in terms of
millions, so 1,000,000 would be 1.0000)
McCann Catching, Inc. has 2.00 million shares of stock outstanding. The stock currently sells for $12.90 per share. The firm's debt is publicly traded and was recently quoted...
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