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

90.2K

Verified Solution

Question

Accounting

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students