That would have been the market value per share.

This is the book value for a share.

So that's fine.

This is the book value.

Let's say that the market value we talked before that the book value per share of this company is 5.

So this is interesting.

So each of those shares is one 500 millionth of this equity.

Whenever you hear things like book value, and I've done a couple of videos on book value versus market value, but the book value is essentially what you have on your accounting books.

So if we believe these numbers, if we believe the books, the book value of the shares is about 3.02 per share.

I have to pay taxes on my property.

So let's see, the book value per share is what?

And it's something interesting here.

But the market value or assets is essentially, what is the market saying the assets are worth?

And now there's 2.5 billion shares to split this equity.

And that tells you that the book value per share is 4.

So let's say if this was on our books.

And let's say that there are 100 million shares.

That's something like eight percent of the total agricultural output globally.

We have 3 billion in loans.

And this is very relevant to what's going on in the world today.

But also to those who clean and organize the whole thing.

It is the tax for a society built on dependency.

So, let's see, you're doing 8.4 million divided by 2.78 million shares.

In general, there are three types of taxes value added tax (VAT)

And that's interesting.

Commodity tax is not included in the price.

The price doesn't include consumption tax.

A spilled Latte Macchiato is not a Latte Macchiato.

They're able to do more with whatever assets we give them.

Then the number that pops out on the equity side, that is a book value of your equity.

If an amount of money is taxed like this

That's essentially the market's sense of what this number really is.

Now, you might remember from previous videos that the book value of the assets in Ben's company are only 140,000! 20,000 of cash, 100,000 of inventory, 20,000 of... this is not equity, this is equipment I should call it.

It has 500 million shares.

And so how much would be spent on taxes?

But it's the case in many parts of the U.S. So actually to some degree, this, the dollar value, the property tax is driven by this home value assumption up here.

If there is no more income tax and VAT is only added at the end of the value chain, then we have a VAT of around 100 .

But we'll talk a lot more about that when we deal with real examples.

If this is the market value so let's say this is the stock price, or the market stock price I'd be skeptical of paying two times the book value.

And book equity per share, or the book value per share of 6.00.

But just for the sake of simplicity, I've just made all the banks in the situation where the book value of the

Here's the student directory.

So what is happening here?

So the shareholders' equity, or you could almost say the book value of the equity of the company, is 5 million. 5 million equity.

Consumption tax is not included in the display price.