Question
Number of SharesStock Price=Market Capitalization Callaway Golf (ELY)93.8$8.76=$821 Alaska Air Group (ALK)124.7$80.77=$10,074 Entergy (ETR)262.5$75.92=$19,928 Yum! Brands (YUM)408.7$77.77=$31,875 General Electric (GE)9,331.0$30.34=$283,091 The price of Entergy stock
Number of SharesStock Price=Market Capitalization
Callaway Golf (ELY)93.8$8.76=$821
Alaska Air Group (ALK)124.7$80.77=$10,074
Entergy (ETR)262.5$75.92=$19,928
Yum! Brands (YUM)408.7$77.77=$31,875
General Electric (GE)9,331.0$30.34=$283,091
The price of Entergy stock has risen to $85. What is the market value of the firm's equity if the number of outstanding shares does not change?
I am getting 22,312.5 but the question is asking for it the be in Billions.
Second question requests using Table 2.2 (attached) to determine interest rate percent.
How do I determined whether the company is AAA, AA, A, BBB, BB, or B? And how do I determine it's interest rate?
Thank-you for any help!
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