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Panhandle Medical System's 2013 balance sheet showed total

common equity of $374 million. The company had 60 million shares of stock outstanding which sold at a price of $8 per share. The firm's market value of equity (i.e., market cap) is $_______ million. 


I know I need to take the 60 million and multiply by $8 = 480 but do I need to add in the 374 for the already common?

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