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What does the term 'market capitalization' refer to in the context of a company? It is equivalent to the total number of chares the company

What does the term 'market capitalization' refer to in the
context of a company?
It is equivalent to the total number of chares the company has.
The value of the company as determined by the number of
shares divided by the price per chare.
The value of the company os decormined by the nimber of
shares multiplied by the price por share.
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