Answer :

darklearn

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.

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