Question
Describe an unweighted price index and describe how you would construct such an index. Assume a 20 percent price change in GM ($40/share; 50 million
Describe an unweighted price index and describe how you would construct such an index.
Assume a 20 percent price change in GM ($40/share; 50 million shares outstanding) and
Coors Brewing ($25/share and 15 million shares outstanding). Explain which stock's 20 percent change will have the greater impact on this index.
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Public Finance
Authors: Harvey Rosen, Ted Gayer
10th edition
9781259716874, 78021685, 1259716872, 978-0078021688
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