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Which of the following are true statements about the market value of common stock? 1. Its value is determined by supply and demand. 2. It

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Which of the following are true statements about the market value of common stock? 1. Its value is determined by supply and demand. 2. It closely tracks a company's increase and decrease in book value. 3. Market capitalization of a company is calculated by multiplying the number of shares outstanding by the current market price of the stock. 4. At the end of a company's fiscal year, the equity on the balance sheet is adjusted to reflect year end market value. 2 and 3 only O 1 and 3 only O2, 3 and 4 only O 2 and 4. only

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