Calculate the Number of Shares Held by a Business If

question 60

Multiple Choice

Calculate the number of shares held by a business if it earns $8.8 per share and generates a net profit of $136.4 million.

• A)45 million
• B)24.6 million
• C)15.5 million
• D)36.2 million
• E)8.8 million

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Definitions:

Shield Volcano

A type of large volcano with gentle slopes made primarily from the eruption of low-viscosity lava that flows easily.

Composite Volcano

A common type of volcano constructed of alternating layers of lava, pyroclastic deposits, and mass-wasting deposits, including mudflows; synonym: stratovolcano.

Pyroclastic Deposits

Accumulations of volcanic material ejected during an eruption, including ash, bombs, and blocks.

Composite Volcano

A volcano built by both lava flows and pyroclastic eruptions, typically featuring steep profiles and explosive activity.