Assume General Electric (GE) has about 10.3 billion shares outstanding and the stock price is $37.10. Also assume the P/E ratio is about 18.3. Calculate the market capitalization for GE. (Approximately)
A) $679 billion
B) $188 billion
C) $382 billion
D) None of the above

Question

Quizplus · Accepted Answer

Market capitalization can be calculated by multiplying the number of outstanding shares by the stock price. 
Market Capitalization = 10.3 billion shares x $37.10 per share = $382.13 billion 
Therefore, the answer is C, $382 billion.

Assume General Electric (GE) Has About 10