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The graph shows the market capitalization value in millions of dollars
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10 Apr 2020, 09:25
10 Apr 2020, 09:25
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Question # 191, Date : 10-Apr-2020
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Question # 191, Date : 10-Apr-2020
This post is a part of Project IR Butler 2019-20. Click here for Details
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The graph shows the market capitalization value in millions of dollars for the largest companies in the market as of May 17, 2012. Facebook, priced at $38 for the IPO, is bolded and rankings in at $104 B market cap value.
1) Facebook's stock would have to increase to roughly________________per share in order for Facebook's market capitalization value to reach the value of Apple's market cap.
A. 145$
B. 183$
C. 200$
2) Of the 29 companies listed, the top 10 make up________________the remaining 19 companies combined.
A. More than
B. The same
C. Less than
1. B
2. A
2. A
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Re: The graph shows the market capitalization value in millions of dollars
[#permalink]
10 Apr 2020, 09:57
10 Apr 2020, 09:57
1
Kudos
1) Apple’s market cap is ~ $499B. Therefore, Apple’s market cap is 498/104~500/100 = 5 times bigger than Facebook’s. Hence, Facebook’s share price would have to increase 5 times to match Apple’s. $38 x 5 = $190. $183 is closer to $190 than $200, thus $183 is the answer.
2) The top 10 ~ ($499+$385+$252+$230+$217+$211+$205+$201+$199+$196)B = $2.595T.
The remaining 19 ~ ($176+$175+$171+$170+$168+$144+$133+$131+$130+$118+$116+$108+$104+$100+$98+$98+$98+$94+$91+$91)B = $2.514T. Hence top 10 make up more than remaining 19.
_________________
2) The top 10 ~ ($499+$385+$252+$230+$217+$211+$205+$201+$199+$196)B = $2.595T.
The remaining 19 ~ ($176+$175+$171+$170+$168+$144+$133+$131+$130+$118+$116+$108+$104+$100+$98+$98+$98+$94+$91+$91)B = $2.514T. Hence top 10 make up more than remaining 19.
_________________
Mamba Mentality
Re: The graph shows the market capitalization value in millions of dollars
[#permalink]
11 Apr 2020, 23:29
11 Apr 2020, 23:29
1)B,sinceApple’s market cap is $498704M. So, Apple’s market cap is 498704/104000 =4.79 times bigger than Facebook’s. Hence, Facebook’s share price would have to increase 4.79 times to match Apple's share price. $38 x 4.79 = $182.02.So answer would be 183
2)A, The top 10 ~ $2.61T.
The remaining 19 ~ $2.53T. Hence top 10 make up more than remaining 19.
Posted from my mobile device
2)A, The top 10 ~ $2.61T.
The remaining 19 ~ $2.53T. Hence top 10 make up more than remaining 19.
Posted from my mobile device
gmatclubot
Re: The graph shows the market capitalization value in millions of dollars [#permalink]
11 Apr 2020, 23:29
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