Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A market value weighted index has three stocks in it, priced at 95.5, 70, and 89.7 per share, and each firm has 293, 212

A market value weighted index has three stocks in it, priced at 95.5, 70, and 89.7 per share, and each firm has 293, 212 and 398 thousand shares outstanding, respectively. The value of the index today is 878. Over the course of a month, the market does its random walk-y thing, and the prices of the three stocks change do 58.4, 72.3, 83.7, respectively. What is the new value of the index? Enter answer accurate to two decimal places.. I

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To calculate ... 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

Financial statements

Authors: Stephen Barrad

5th Edition

978-007802531, 9780324186383, 032418638X

More Books

Students also viewed these Finance questions

Question

Explain why firms have different price-earnings (P/E) ratios.

Answered: 1 week ago