Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A price-weighted index is constructed using the 4 stocks W, X, Y and Z. The stock prices and the number of shares outstanding are given

image text in transcribed
A price-weighted index is constructed using the 4 stocks W, X, Y and Z. The stock prices and the number of shares outstanding are given for days 1, 2 and 3 Day 1 Day 1 Day 2 Day 2 Day 3 Day 3 Stock Price Shares Price Shares Price Shares w $74.00 10000 $76.00 10000 $78.00 20000 $85.50 16000 $45 50 32000 $48.00 32000 Y $31.00 20000 $34.00 20000 $33 00 20000 Z $10.00 24000 $18.00 24000 $21.00 24000 What is the price weighted index value on Day 2? (Round your answers to 2 decimal places in your calculations) 21.15 26.17 O 31 28 55.08 42 36

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

Personal Finance An Integrated Approach

Authors: Bernard J. Winger

4th Edition

0198520972, 9780132696302

More Books

Students also viewed these Finance questions

Question

Consider some type of redress for the customer, such as a coupon.

Answered: 1 week ago

Question

Demonstrate through language that you are grateful to be informed.

Answered: 1 week ago

Question

Always mention the specifi c problem the customer faced.

Answered: 1 week ago