Final answer:
The value of Ryanair's shares is obtained by multiplying the number of shares outstanding, which is 800,000, by the trading price per share, which is $23.63. This results in a total value of $18,904,000.
Step-by-step explanation:
To calculate the value of the firm's shares, you multiply the number of shares outstanding by the current trading price per share. In this case, Ryanair has 800,000 shares outstanding, and each share is trading for $23.63. The calculation looks like this: 800,000 shares × $23.63 per share = $18,904,000. Therefore, the value of the firm's shares is $18,904,000.