Suppose Stocks A, B and C are the only three component stocks in a benchmark index. The
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Suppose Stocks A, B and C are the only three component stocks in a benchmark index. The number of shares outstanding of Stocks A, B and C are 369,000 shares, 327,000 shares, and 240,000 shares, respectively. The prices of Stocks A, B and C for Days 1, 2, 3 and 4 are given in the table below:
Stock A | Stock B | Stock C | |
Day1 | 30.78 | 40.14 | 79.43 |
Day2 | 32.36 | 45.36 | 78.31 |
Day3 | 32.26 | 43.55 | 79.45 |
Day4 | 33.45 | 42.97 | 79.7 |
If the benchmark value-weighted index was 1587.95 on Day 1, the benchmark value-weighted index on Day3 was.
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10th Edition
Authors: Harold Kerzner
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