9. GQ has 10.3 billion shares outstanding and a $37.10 stock price. If their P/E ratio...
9. GQ has 10.3 billion shares outstanding and a $37.10 stock price. If their P/E ratio is 18.3, what is their market capitalization? A. $679 billion B. $188 billion C. $21 billion D. $103 billion E. $382 billion
Homework Answers
Market capitalization is calculated using the below formula:
Market capitalization= Stock price * Total shares outstanding
= $37.10*10.3 billion shares
= 382.13 billion.
Hence, the answer is option E.
In case of any query, kindly comment on the solution
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