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

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Consider the table given below to answer the first question

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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