calculation. Number of shares: 200 Nominal value of each share: 100 TL Market price declared by the Stock Exchange: 5,00 TL Stock Exchange declaration: 1 lot denotes 100 shares. What is the market value of the shares we have

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 5MCQ
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We have those information available to make a calculation.

Number of shares: 200

Nominal value of each share: 100 TL

Market price declared by the Stock Exchange: 5,00 TL

Stock Exchange declaration: 1 lot denotes 100 shares.

What is the market value of the shares we have.

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