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Consider the table given below to answer the first question (Shares and market values in millions.): Number of Shares Stock Price = Market Capitalization Callaway

Consider the table given below to answer the first question (Shares and market values in millions.):

Number of Shares

Stock Price

=

Market Capitalization

Callaway Golf (ELY)

71.00

$

6.58

=

$

467

Alaska Air Group (ALK)

70.34

$

57.50

=

$

4,045

Este Lauder (EL)

366.25

$

65.70

=

$

24,063

Yum! Brands (YUM)

450.73

$

67.72

=

$

30,523

General Electric (GE)

10,398.00

$

23.77

=

$

247,160

The price of Estee Lauder stock has risen to $90. What is the market value of the firms equity? (Enter your answer in billions rounded to 3 decimal places.)

Market value

$ billion

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