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table given below to answer the first question (Shares and market values in millions.):

Consider the table given below to answer the first question

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Consider the table given below to answer the first question

Question
Consider
the table given below to answer the first question (Shares and market values
in millions.):
Number
of Shares		 × Stock
Price		 = Market
Capitalization
Callaway Golf (ELY) 71.00 × $ 6.58 = $ 467
Alaska Air Group (ALK) 70.34 × $ 57.50 = $ 4,045
Estée Lauder (EL) 439.75 × $ 65.70 = $ 28,892
Yum! Brands (YUM) 450.73 × $ 67.72 = $ 30,523
General Electric (GE) 10,398.00 × $ 23.77 = $ 247,160
a. The price of Estée Lauder stock
has risen to $95. What is the market value of the firm’s equity? (Enter your answer in billions rounded to 3 decimal
places.)
Market value $ billion

Consider the table given below to answer the first question

 

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