According to Ferris Fain, The success of a stock market index depends on its ability to measure

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According to Ferris Fain, "The success of a stock market index depends on its ability to measure the performance of stocks not included in the index." Explain what Ferris means.
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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