A company has a market capitalization of $20,000,000. It has 30% of its market cap sold under preferred stock and 70%
under common stock? How much money of the market capitalization is preferred stock?
CA 1000

Hi, to answer this question we simply have to multiply the total market capital of the company (20,000,000) by the percentage under preferred stock (30%) in decimal form.

Mathematically speaking:

20,000,000 x (30/100) = $6,000,000

Feel free to ask for more if needed or if you did not understand something.

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Kachenium9360 Kachenium9360 · Answer 2 · 2021-03-11T18:46:29+01:00

Kachenium9360 Kachenium9360

11-03-2021

Answer:

B : 6,000,000

Credits go to the person above me.

Explanation:

VB Business 2021

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A company has a market capitalization of $20,000,000. It has 30% of its market cap sold under preferred stock and 70% under common stock? How much money of the market capitalization is preferred stock? CA 1000

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A company has a market capitalization of $20,000,000. It has 30% of its market cap sold under preferred stock and 70%
under common stock? How much money of the market capitalization is preferred stock?
CA 1000