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Suppose the market consists only of Merck (MRK) and Boeing (BA). Merck stock is trading for...

Suppose the market consists only of Merck (MRK) and Boeing (BA). Merck stock is trading for $36.70 per share with 2.11 billion shares outstanding while Boeing has 697.5 million shares outstanding and a market capitalization of $38.223 billion. Assume that you hold the market portfolio.


Merck's market capitalization is closest to:

Select one:

A. $77.4 billion

B. $115.6 billion

C. $89.4 billion

D. $38.2 billion

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Answer #1

Merck's market capitalization is closest to:

=Share price*total share outstanding

=36.7*2.11

=77.4 billion

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