Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Phone Corp. stock price was $ 9 5 at the end of the year. There were 1 9 4 million shares outstanding. What was the

Phone Corp. stock price was $95 at the end of the year. There were 194 million shares outstanding. What was the market capitalization and market value added? What was its market-to-book ratio and market value added per share?
What was the market capitalization and market value added?
Market capitalization $
million
Market value added $
million
What was its market-to-book ratio and market value added per share? (Round your answers to 2 decimal places.)
Market-to-book ratio
Market value added per share $
Note: Book value stock price = $49.95

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Water Finance

Authors: Michael Curley

1st Edition

1498734170, 978-1498734172

More Books

Students also viewed these Finance questions

Question

What is IUPAC system? Name organic compounds using IUPAC system.

Answered: 1 week ago

Question

What happens when carbonate and hydrogen react with carbonate?

Answered: 1 week ago