Respuesta :
$84.9 million is the repurchasing cost for Chester Corporation.
We have the closing price = $27.37, the price after 10% fall = $24.633 **($27.37 - 10%), and the number of outstanding shares = 3,444,155.
Therefore, the repurchasing cost for Chester Corporation is $84,839,870 or approximately $84.9 million.
What is the formula for calculating market capitalization?
- It is calculated by multiplying a stock's price by the number of outstanding shares. A company with 20 million shares selling at $50 per share, for example, would have a market capitalization of $1 billion.
- Total capitalization is the sum of long-term debt and all other types of equity, such as common stock and preferred stock. Total capitalization is the capital structure of a company and is sometimes calculated as total assets minus total liabilities.
- Market value is calculated by multiplying a company's outstanding shares by the current market price. The market value of XYZ Company is $25 million if it trades at $25 per share and has 1 million shares outstanding.
- When a company's shares are already publicly traded, the simplest way to determine its market value is to multiply the number of shares outstanding by the current price at which the shares trade on the relevant stock exchange.
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