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The company had 1 , 0 0 0 , 0 0 0 shares outstanding at the beginning of the year. On March 3 1 ,

The company had 1,000,000 shares outstanding at the beginning of the year. On March 31, the company sold 400,000 shares of common stock. On September 30, the company bought back 100,000 shares of common stock.Assuming the stock price on September 30 was $1. Find market capitalization on September 30.A. $1,000,000B. $1,400,000C. $400,000D. $600,000E. None of above

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