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Use the Following Information to Answer the Question(s)below

Question 98

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Use the following information to answer the question(s) below.
Suppose the market consists only of Merck (MRK) and Boeing (BA) .Merck stock is trading for $36.70 per share with 2.11 billion shares outstanding while Boeing has 697.5 million shares outstanding and a market capitalization of $38.223 billion.Assume that you hold the market portfolio.
-Merck's market capitalization is closest to:


A) $38.2 billion.
B) $77.4 billion.
C) $89.4 billion.
D) $115.6 billion.

Correct Answer:

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