Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Both Apple (AAPL) and Goldman Sachs (GS) are part of the S&P 500 and DJIA Indexes. Apple's stock price and market cap are ~$137.59 and
Both Apple (AAPL) and Goldman Sachs (GS) are part of the S&P 500 and DJIA Indexes. Apple's stock price and market cap are ~$137.59 and ~$2.2 Trillion, respectively. Goldman Sach's share price and market cap are ~$306.80 and ~$105 Billion, respectively. Which stock has the greatest influence on the value of the S&P 500 (SPX) Index?
a. AAPL
b. GS
c. Both have the same influence
d. Not enough information provided
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started