Market Value of Firm Assignment
February 18th, 2020
Consider the table given below to answer the first question (shares and market values in millions). Number of Shares 93.8 x * Stock Price = $ 8.76 = Market Capitalization $ 821 * Callaway Golf (ELY) Alaska Air Group (ALK) Entergy (ETR) Yum! Brands (YUM) General Electric (GE) 124.7 220.5 408.7 9,331. $80.77 $75.92 $77.77 $30.34 10,074 16,739 31,875 283,091 * * = = $ $
a. The price of Entergy stock has risen to $95. What is the market value of the firm's equity if the number of outstanding shares does not change? (Enter your answer in billions rounded to 3 decimal places.)