Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume General Electric (GE) has about 12.2 billion shares outstanding and the stock price is $42.30. Also, assume the P/E ratio is about 17.5x. Calculate

Assume General Electric (GE) has about 12.2 billion shares outstanding and the stock price is $42.30. Also, assume the P/E ratio is about 17.5x. Calculate the approximate market capitalization for GE.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Real Estate Finance And Investments

Authors: William Brueggeman, Jeffrey Fisher

16th Edition

1259919684, 978-1259919688

More Books

Students also viewed these Finance questions

Question

6.5 Identify at least 10 methods used for external recruitment.

Answered: 1 week ago

Question

6.6 Explain two strategies used to recruit nonpermanent staff.

Answered: 1 week ago