Conglomicorp Inc has 10.5 million shares of stock outstanding with a book value of $25 per share and a market value of $93 per share. The firm also has $40 million in retained earnings and a required rate of return of 8%
What is the current market capitalization for the firm?
A) $904,166,667
B) $976,500,000
C) $1,097,820,000
D) $1,016,500,000
B
Explanation: B) MKT CAP = P * Q = $93 * 10.5m shares = $976,500,000.
You might also like to view...
As a part of providing service to customers, a salesperson would be expected to do all of the following EXCEPT:
A. provide information to competitors. B. develop promotional ideas. C. return damaged merchandise. D. suggest business opportunities. E. handle customer complaints.
Gainsharing is similar to ______ because in each case, the gain is shared with the employees who helped to create the gain.
A. commission B. profit sharing C. merit pay D. bonus
The rejection of an offer:
A) Is effective when sent to the offeror, and prevents the offeree from later accepting that offer. B) Is effective when received by the offeror, and prevents the offeree from later accepting that offer. C) Is effective when received by the offeror, but does not prevent the offeree from later accepting that offer. D) Is effective when sent to the offeror, but does not prevent the offeree from later accepting hat offer.
Which of the following does NOT represent a cultural change emerging in organizations?
A. An increased concern for privacy B. Changing attitudes toward work C. Balancing work and family demands D. Accommodating unemployed workers