An equally weighted index has three stocks A, B, and C at $20, $10, and %100 yesterday,

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An equally weighted index has three stocks A, B, and C at $20, $10, and %100 yesterday, respectively. Yesterday, stock C has a split where one share split into 2 and the price was reduced from $100 to $50, If the weighted index was 50 yesterday and the stock prices for A, B, and C changed to $23, $8, and $55, respectively, what is the new index value?

Posted Date: May 13, 2024 03:17 AM

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An equally weighted index has three stocks A, B, and C at $20, $10, and %100 yesterday,

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To calculate the new index value we need to first determine the initial total market value of the in... View the full answer

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