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Functions of Financial Markets. Look back at Section 2.3 and then answer the question. The price...

Functions of Financial Markets. Look back at Section 2.3 and then answer the question. The price of Energy stock has risen to 90.00. What is the market value of the firms' equity if the number of outstanding shares DOES NOT change?

The number of shares is 178.5

Can you please explain step by step how to get the answer. This way when I have to take my test I understand how to get the correct answer. thank you ex. 386.5 million (how do you get that number) My classmates and I got different figures and don't understand how to get the answer. one got :16,065 Another: 34,798

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Answer #1

First of all let us know the formula for calculating market capitalization.

Market Capitalization = Current Share Price * No of Shares

Therefore ,

Market Price- Rs 90.

No of Shares Outstanding- 178.5

Market Value of Comapny - 90*178.50 = 16,065.

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