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5 January, 17:38

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?

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Answers (1)
  1. 5 January, 21:12
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    Answer: $6,000,000

    Explanation:

    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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