Answer:
Each share is 5$
Explanation:
To solve this problem, we need to find the value of each share given the market capitalization and the number of outstanding shares.
Given information:
- TeleWongle PLC has 63,000 shares outstanding.
- The market capitalization of the company is $315,000.
The market capitalization of a company is calculated by multiplying the total number of outstanding shares by the price per share.
Market capitalization = Total number of outstanding shares × Price per share
Rearranging the equation, we can find the price per share:
Price per share = Market capitalization / Total number of outstanding shares
Substituting the given values, we get:
Price per share = $315,000 / 63,000
Price per share = $5
Therefore, each share of TeleWongle PLC costs $5.
