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Use this Balance Sheet for the following question. The company has 10 million shares outstanding. The stock is currently trading on the NYSE at a
Use this Balance Sheet for the following question. The company has 10 million shares outstanding. The stock is currently trading on the NYSE at a price of $5 per share. BALANCE SHEET($, millions) 1 Assets Current Assets Liabilities Current Liabilities 89 19 Long-Term Assets Net Property, Plant and Equipment Total Long-Term Assets Long-Term Liabilities Long-Term Debt Total Long-Term Liabilities 128 128 121 121 Total Liabilities 177 Stockholders' Equity 33 210 Total Liabilities and Total Assets 210 Stockholders' Equity 10. What is the market capitalization of the company's stock? $50 million
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