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A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $12, $20, and $60.53. The number of outstanding
A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $12, $20, and $60.53. The number of outstanding shares for each is 600,000 shares, 500,000 shares, and 200,000 shares, respectively. If the stock prices changed to $16, $18, and $62 today respectively, what is the 1-day rate of return on the index? 0 7.42% 0 5.78% 0 4.35% 06.16%
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