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A small company is started up that makes blankets. The company sells a total of 6,000 shares at $20 each to raise money to start
A small company is started up that makes blankets. The company sells a total of 6,000 shares at $20 each to raise money to start the business. At the end of the year, the company makes $45,000 in profits and pays out $20,000 in dividends. Complete parts (a) through (f) below. (a) What is the market capitalization of the company? The market capitalization is $120000. (Simplify your answer. Do not include the $ symbol in your answer.) (b) What is the share price?
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