Question
GBC Inc. has authorized capital of 5,000,000 shares, issued shares of 3,500,000 and outstanding shares of 2,000,000. When GBC Inc. first went public, the shares
GBC Inc. has authorized capital of 5,000,000 shares, issued shares of 3,500,000 and outstanding shares of 2,000,000. When GBC Inc. first went public, the shares were issued at $15 per share. But the shares are now trading at a price of $20. What is the market capitalization of GBC Inc.?
$30,000,000
$100,000,000
$40,000,000
$75,000,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
