Question: question 18 a chapter 2 corporate finance 9th edition book...
Question 18. A Chapter 2 Corporate Finance 9th edition book
Functions of Financial markets: look back at section 2.3 and then answer the question:
Question is: The price of Entergy stock has risen to 90.00 what is the market value of the firm's equity if the number of outstanding shares does not change? Number of Shares: 178.5.
The book has the number of shares 178.5 X stock price 75.92= 13,551 (market capitalization in millions)
If you could please explain step by step how to get the answer to this question. I don't understand how to get the answer. Thank you