Question

scenario 1
on april 7th, geneva financial planning, a publicly traded company on the nyse, had 34,524,350 shares outstanding. the current price per share as of 4:00pm est is $54.30. what is the current total market capitalization of geneva financial planning?
question 1 of 2
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shares outstanding × market price = market capitalization

Explanation:

Step1: Identify the formula

Market - capitalization = Shares outstanding×Market price

Step2: Substitute the values

Shares outstanding = 34524350, Market price = 54.30
Market - capitalization = 34524350×54.30

Step3: Calculate the result

34524350×54.30 = 34524350×(54 + 0.3)=34524350×54+34524350×0.3
= 1864314900+10357305 = 1874672205

Answer:

$1,874,672,205$