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In early 2013, General Electric (GE) had a book value of equity of $118 billion, 12 billion shares outstanding, and a market price of $15.00
In early 2013, General Electric (GE) had a book value of equity of $118 billion, 12 billion shares outstanding, and a market price of $15.00 per share. GE also had cash of $90 billion. and total debt of $450 billion. what was GEs market capitalization?
a) $118 billion
b) $180 billion
c) $208 billion
d) $568 billion
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