Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The closing share price today for Cliffhanger, Inc. was $6.00. If the company has 903,000 shares of its stock outstanding, What value is the market

The closing share price today for Cliffhanger, Inc. was $6.00. If the company has 903,000 shares of its stock outstanding, What value is the market giving the company?

  1. The market capitalization of Big Bang Corp. is $364,000 at the company's most recent trade of $4.00 per share. How many shares of stock are outstanding?  This is the same formula just inverted. 
  2. The closing share price today for Sunset International was $9.00. If the company has a market value of $693,000, how many shares of stock would be outstanding?
  3. The market capitalization of Morning Rose Corp. is $5,580,000 at the company's most recent trade of $9.00 per share. How many shares of stock are outstanding?
  4. Vespa, PLC has 63,000 shares outstanding. If the market capitalization of the company is $315,000, how much does each share cost?

Step by Step Solution

3.34 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

Market value number of outstanding shares x share price Market value 903000 x 600 Market value 54180... 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

Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

9th Edition

1337614689, 1337614688, 9781337668262, 978-1337614689

More Books

Students also viewed these Finance questions

Question

What is meant by budgetary control?

Answered: 1 week ago