Answer:
$300 million
Explanation:
Data provided in the question
Number of shares outstanding = 20 million
Value per share = $15
So, by considering the above information, the new market cap of the company X is
= Number of shares outstanding × Value per share
= 20 million × $15 per share
= $300 million
To determine the new market cap, we simply multiplied the number of outstanding shares with the per share so that the exact value could come
