Find what is the market value of the firm equity

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Reference no: EM132578330

      Number of shares X Stock Price = Market Capitalization

                        ( Millions)       ($ Millions)

Callaway Golf (ELY) 94.6 X $16.36 = $1,547.66

Alaska Air Group (ALK) 123.4 X $61.96 = $7,645.86

YUM Brands (YUM) 332.5 X $85.13 = $28,305.73

Caterpillar Tractor (CAT) 147.4 X $597.63 = $88,090.66

Microsoft (MSFT) 7,705.0 X $91.27 = $703,235.35

Question a. The price of Yum Brands stock has risen to $185. What is the market value of the firm's equity if the number of outstanding shares does not change? (Enter answer in billions rounded to 3 decimal places)

Reference no: EM132578330

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