Answered step by step
Verified Expert Solution
Question
1 Approved Answer
43. A benchmark index has three stocks priced at $7. $43, and $56. The number of outstanding shares for each is 500,000 shares, 405,000 shares,
43. A benchmark index has three stocks priced at $7. $43, and $56. The number of outstanding shares for each is 500,000 shares, 405,000 shares, and 553,000 shares, respectively. If the prices changed to $14. $44, and $52 and the number of outstanding shares for each changed to 250.000 shares, 405,000 shares and 553,000 shares today, 1) what is the price weighted (PW) index value and equal weighted (EW) index value today if yesterday the PW index and EN index were 910 and 1012? A.871; 1011 B.996: 1011 C.912; 1013 D.886: 996
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started