Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A market value weighted index has three stocks in it, call them A, B, and C, priced at 30, 92, and 95 per share. Each

A market value weighted index has three stocks in it, call them A, B, and C, priced at 30, 92, and 95 per share. Each firm has 100, 236 and 105 thousand shares outstanding, respectively. The value of the index at that time is 862. Over the course of the next quarter, the prices of the three stocks change to 35, 80, 36, respectively. What is the new value of the index?

Enter answer accurate to two decimal places.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance For Executives Managing For Value Creation

Authors: Gabriel Hawawini, Claude Viallet

2nd Edition

0324117752, 9780324117752

More Books

Students also viewed these Finance questions

Question

What background experience do you have?

Answered: 1 week ago

Question

What is Accounting?

Answered: 1 week ago

Question

Define organisation chart

Answered: 1 week ago

Question

What are the advantages of planning ?

Answered: 1 week ago

Question

Explain the factors that determine the degree of decentralisation

Answered: 1 week ago

Question

What Is acidity?

Answered: 1 week ago

Question

Explain global human resource management.

Answered: 1 week ago

Question

Describe the grievance procedure in a union environment.

Answered: 1 week ago

Question

Discuss whistleblower protection under OSHA.

Answered: 1 week ago