Question
1) The FSSE 3 Index has three core constituents: LLOYD PLC, Phoenix Group Holdings, and Aviva. Below are the Beginning and Ending prices provided with
1) The FSSE 3 Index has three core constituents: LLOYD PLC, Phoenix Group Holdings, and Aviva. Below are the Beginning and Ending prices provided with outstanding Shares.
| Beginning of the period | End of the Period | |||
| Security | Price () | Shares Outstanding (Millions) | Price () | Shares Outstanding (Millions) |
| LLOYD PLC | 20.00 | 300 | 28.00 | 300 |
| Phoenix Group Holdings | 50.00 | 300 | 48.00 | 300 |
| Aviva | 26.00 | 2000 | 30.00 | 2000 |
Assuming FSSE3 Index is equally weighted and if you are an Investor with Passive Style Investing and investing $1000 in each constituent. Calculate your return based on your chosen benchmark i.e., FSSE 3?
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
