1. 

c) Assume a market with five stocks: Stocks A through E. The metric which tracks the market movement is known as the MM-5 index or the Mini Market 5 index. Its base value is 500 based on the market capitalization and was set in December 1990. Use the information below to answer the questions that follows: Stocks A Closing Number of Closing Number of Prices as outstanding Prices as outstanding at 31st shares as at 31st shares as Dec on 31st Dec Dec on 31st Dec 2020 2020 1990 1990 180 10,000 200 2,000 740 5,000 450 122 15,000 325 9,000 21 50,000 18 10,000 10 100,000 70 50,000 3,000 D E i) ii) iii) Compute the value of MM 5 Index on December 31, 2020 Compute the value of MM 5 index on December 31, 1990 Compare the index values computed in the previous two parts. Has the market risen since the inception of MM-5? Compute the percentage change between the index values in 1990 and 2020 to substantiate your