If 900 million shares of stock are traded on the New York Stock Exchange today at an average price of $100,then the total amount of money that can be raised by a corporation whose stock is traded on this exchange will be $90 billion.

Question

Quizplus · Accepted Answer

The total amount of money raised by a corporation whose stock is traded on the NYSE is calculated by multiplying the total number of shares issued by the corporation by the price per share. In this case, if 900 million shares of stock are traded at an average price of $100, then the total amount of money that can be raised by a corporation will be 900 million x $100 = $90 billion. Therefore, the statement is true.

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