Share Market Terminology: Part 2

…ustrial Average is a price-weighted average of 30 blue-chip stocks that are generally the leaders in their industry. 3. Book Value In accounting, book value or carrying value is the value of an asset according to its balance sheet account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or impairment costs made against the asset. Traditionally, a company’s book value is its total…