Find the total market value in 2006 given that the total number of shares in 2006 is 90\% of 25000 and the price per share is 110.

Question

Accepted Answer

**Solution:**

1. Calculate the total number of shares in 2006:
   - Given total shares initially = 25000
   - Shares in 2006 = 90\% of 25000 = $25000 	imes \frac{90}{100} = 22500$

2. Calculate the total market value:
   - Price per share = 110
   - Total market value = Number of shares $	imes$ Price per share = $22500 	imes 110 = 2475000$

3. Since the options are in hundreds, the value is $247,500$.

**Answer:** 247,500

Answer

Answer

Answer

Answer