Answer:
$40,000,000
Explanation:
The company's market capitalization is the value of the total number of equity shares which is derived by multiplying the stock's current market price by its number of shares.
Market capitalization=current share price*number of shares outstanding
current share price=$40
number of shares outstanding=1,000,000
Market capitalization=$40*1,000,000
Market capitalization=$40,000,000
