Question
As of January 1 As of December 31 Share price Number of Shares Outstanding (thousands) Share price Number of Shares Outstanding (thousands) Stock A $20
As of January 1 | As of December 31 | |||
Share price | Number of Shares Outstanding (thousands) | Share price | Number of Shares Outstanding (thousands) | |
Stock A | $20 | 1,500 | $24 | 1,600 |
Stock B | $40 | 10,000 | $43 | 9,000 |
Stock C | $34 | 3,000 | $32 | 3,000 |
Refer to the information in the above table. The 1-year return on a market capitalization-weighted index of these three stocks is closest to:
Select one:
A. -1.99%.
B. 5.32%.
C. -6.21%.
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College Accounting
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
11th edition
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