Rylan Enterprises has 5 million shares outstanding. –

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Rylan Enterprises has 5 million shares outstanding

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Rylan Enterprises has 5 million shares outstanding. – The market price per share is $22. The firm’s book value of equity is $50 million.
- What is Rylan’s market capitalization?
- How does the market capitalization compare to Rylan’s book value of equity?

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Answer:

1. Rylan’s market capitalization is $110 million • 5 million shares × $22 share = $110 million.

2. The market capitalization is significantly higher than Rylan’s book value of equity of $50 million.

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