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An equally weighted index has three stocks A, B, and C priced at $10, $20, and $20 yesterday, respectively. Yesterday, stock A has a split
An equally weighted index has three stocks A, B, and C priced at $10, $20, and $20 yesterday, respectively. Yesterday, stock A has a split where one share split into 2 and the price was reduced from $10 to 5. If the equally weighted index was 100 yesterday and the prices changed to $6, $18, and $17, what is the new index value? 16.11 102.54 89.6 98.33
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