Question
A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $10, $18, and $40. The number of outstanding
| A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $10, $18, and $40. The number of outstanding shares for each is 610,000 shares, 510,000 shares, and 210,000 shares, respectively. If the stock prices changed to $14, $16, and $42 today respectively, what is the 1-day rate of return on the index? | ||||||||
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Handbook Of Financial Intermediation And Banking
Authors: Anjan V. Thakor, Arnoud Boot
1st Edition
0444515585, 978-0444515582
