Question
When RHW Inc was started 15 years ago, it was authorized to issue 10 million common shares with a par value of $1 according to
When RHW Inc was started 15 years ago, it was authorized to issue 10 million common shares with a par value of $1 according to its corporate charter documents. Over the years, it has issued 6 million shares and currently 5 million are outstanding. As of yesterday, RHW shares were trading on the TSX at a price of $20 per share. What is the market capitalization of the company?
A) $200 million
B) $120 million
C) $100 million
D) $10 million
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
