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Question 6 (2 points) Suppose Applet Inc. shares sell for $10/share. The company pays an annual dividend of $1/share on 15 million outstanding shares. Total
Question 6 (2 points) Suppose Applet Inc. shares sell for $10/share. The company pays an annual dividend of $1/share on 15 million outstanding shares. Total assets on the company's balance sheet are $20 million on annual revenues of $30 million. What is Applet's market capitalization (market cap)? a) $100 million b) $150 million c) $200 million d) $250 million e) $300 million f) $450 million g) $500 million h) $600 million i) $750 million O j) $1 billion
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