Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Last year, GrowFast (GFST) sold shares of stock in an IPO at $31 per share. If the current price for GFST shares is $34 and
Last year, GrowFast (GFST) sold shares of stock in an IPO at $31 per share. If the current price for GFST shares is $34 and there are 5,000,000 shares outstanding, what is the market cap of GFST?
Round your answer to the nearest dollar (no decimals). (An answer of $100.12 should be entered as 100).
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