One measure of the importance of a publicly traded asset class in the U.S. economy can be calculated by multiplying the number o

Question

2 years ago

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One measure of the importance of a publicly traded asset class in the U.S. economy can be calculated by multiplying the number o

f publicly traded shares by the current market price of the stock. The result of this calculation is more commonly referred to as:________.

Business

1 answer:

anygoal [31] · Answer 1 · 2022-06-08T14:29:35+03:00

Answer:

Market Capitalization

Explanation:

One measure of the importance of a publicly traded asset class in the U.S. economy can be calculated by multiplying the number of publicly traded shares by the current market price of the stock. The result of this calculation is more commonly referred to as market capitalization.

Market capitalization refers to the total market value of a firms shares. it is the cumulative value of the outstanding shares a publicly quoted company (a company that trades its shares in the stock exchange).