A company whose has 1,000,000 shares and a current stock price of $15.67 would have a market capitalization of:
A) $6,380,000
B) 6.38%
C) 15.67%
D) $15,670,000
E) $1,000,000

Question

Quizplus · Accepted Answer

Market capitalization is calculated by multiplying the number of shares by the stock price. Thus, 1,000,000 shares multiplied by $15.67 yields a market capitalization of $15,670,000. Therefore, the correct answer is D.

A Company Whose Has 1,000,000 Shares and a Current Stock