Question
Consider the three stocks in the following table. P t represents price at time t , and Q t represents shares outstanding at time t.
Consider the three stocks in the following table. Pt represents price at time t, and Qtrepresents shares outstanding at time t.
| P0 | Q0 | P1 | Q1 | P2 | Q2 | |
|---|---|---|---|---|---|---|
| A | 84 | 100 | 89 | 100 | 89 | 100 |
| B | 44 | 200 | 39 | 200 | 39 | 200 |
| C | 88 | 200 | 98 | 200 | 49 | 400 |
Calculate the first-period rates of return on the following indexes of the three stocks: (Do not round intermediate calculations. Round your answers to 2 decimal places.) a. A market valueweighted index
b. An equally weighted index
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Financial Shenanigans How To Detect Accounting Gimmicks And Fraud In Financial Reports
Authors: Howard M. Schilit, Jeremy Perler, Yoni Engelhart
4th Edition
126011726X, 9781260117264
