A firm has a float of 300 million shares and 10 million restricted shares. It has a total of 1 billion shares authorized and its share price is $10. What is it's market capitalization? O $3 billion O $100 million O $10 billion $3.1 billion
A firm has a float of 300 million shares and 10 million restricted shares. It has a total of 1 billion shares authorized and its share price is $10. What is it's market capitalization? O $3 billion O $100 million O $10 billion $3.1 billion
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 3P: Winston Watch’s stock price is $75 per share. Winston has $10 billion in total assets. Its balance...
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Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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![A firm has a float of 300 million shares and 10 million restricted shares. It has a total of 1 billion
shares authorized and its share price is $10. What is it's market capitalization?
O $3 billion
O $100 million
O $10 billion
O $3.1 billion](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7038cbde-5259-4f1b-ade8-fa8f6320a6eb%2Fc901b40a-fe01-4f2a-83b9-f9980f28a075%2F42lqwfb_processed.png&w=3840&q=75)
Transcribed Image Text:A firm has a float of 300 million shares and 10 million restricted shares. It has a total of 1 billion
shares authorized and its share price is $10. What is it's market capitalization?
O $3 billion
O $100 million
O $10 billion
O $3.1 billion
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