A financial consultancy analyst received an assignment to assess the long-term performance of Reliance Industries Ltd., a multinational conglomerate based in India. The assignment had resulted from a share price rise for Reliance Industries. On April 27, 2022, the company’s share price reached its peak of ?2,776. Consequently, a few of the financial consultancy’s clients had requested information regarding the long-term performance of Reliance Industries. The analyst was therefore tasked with calculating the economic value added in order to evaluate the company’s performance.
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