The closing share price today for Sunset International was $9.00. If the company has a market value of $693,000, how many shares of stock would be outstanding?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation
Section: Chapter Questions
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  1. The closing share price today for Sunset International was $9.00. If the company has a market value of $693,000, how many shares of stock would be outstanding?

 

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