Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The current price of Apple stock is $165.12 per share. There are currently 1.29 billion shares of Apple stock in circulation. 97.14 million of these

The current price of Apple stock is $165.12 per share. There are currently 1.29 billion shares of Apple stock in circulation. 97.14 million of these shares trade in a single day on average. What is Apple's market capitalization in units of trillions of dollars?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To calculate Apples market capitalization we can use the formula Market Capitaliz... 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_2

Step: 3

blur-text-image_3

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

Foundations of Financial Management

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

15th edition

77861612, 1259194078, 978-0077861612, 978-1259194078

More Books

Students also viewed these Finance questions

Question

Construct a population data set for which 5, and2.

Answered: 1 week ago

Question

=+b. What are the penalties for exceeding the upper specification?

Answered: 1 week ago

Question

=+a. The number of flaws per square foot in a large sheet of metal

Answered: 1 week ago