If a company has a stock price of 15.25 and 3.2 million shares outstanding, what is its market capitalization?

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Multiple Choice

If a company has a stock price of 15.25 and 3.2 million shares outstanding, what is its market capitalization?

Explanation:
Market capitalization is found by multiplying the price per share by the total number of shares outstanding. Here, 15.25 dollars per share times 3.2 million shares equals 15.25 × 3.2 = 48.8, and since the shares are in millions, the market cap is $48.8 million. The other amounts would require a higher price or more shares than provided.

Market capitalization is found by multiplying the price per share by the total number of shares outstanding. Here, 15.25 dollars per share times 3.2 million shares equals 15.25 × 3.2 = 48.8, and since the shares are in millions, the market cap is $48.8 million. The other amounts would require a higher price or more shares than provided.

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