Consider the table given below to answer the first question (shares and market values in millions). Number
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Consider the table given below to answer the first question (shares and market values in millions).
Number of SharesStock Price=Market CapitalizationCallaway Golf (ELY)93.8$8.76=$821Alaska Air Group (ALK)124.7$80.77=$10,074Entergy (ETR)357.5
$75.92=$27,140
Yum! Brands (YUM)408.7$77.77=$31,875General Electric (GE)9,331.0$30.34=$283,091
a.The price of Entergy stock has risen to $70. What is the market value of the firm's equity if the number of outstanding shares does not change?(Enter your answer in billions rounded to 3 decimal places.)
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