AcmeCo reports the following in its latest quarterly report: Authorized shares 350,000,000 Shares issued 275,500,000 Shares...
AcmeCo reports the following in its latest quarterly report:
|
Authorized shares |
350,000,000 |
|
Shares issued |
275,500,000 |
|
Shares outstanding |
262,417,205 |
How many shares are in the treasury stock?
If the float is 235,200,100 shares, find the number of restricted shares.
Recently, AcmeCo closed at $17.50 per share. Based on this price, find the market capitalization of the company.
Homework Answers
| Treasury Stock issued = No. of shares issued - No. of shares outstanding | |
| Treasury Stock issued = 275,500,000 - 262,417,205 =13,082,795 shares | |
| Restricted no. of shares =No. of shares outstanding - Free float no. of shares | |
| Restricted no. of shares =262,417,205 - 235,200,100 =27,217,105 | |
| Market Cpitalization of the company =Free float no. of shares*Share price | |
| Market Cpitalization of the company =27,217,105*$17.50 =476,299,337.50 | |
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