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Assume General Electric (GE) has about 10.8 billion shares outstanding and the stock price is $27.10. Also, assume the P/E ratio is about 18.3. Calculate

Assume General Electric (GE) has about 10.8 billion shares outstanding and the stock price is $27.10. Also, assume the P/E ratio is about 18.3. Calculate the approximate market capitalization for GE.

A. $679 billion

B. $198 billion

C. $293 billion

D. $382 billion

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