Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Given the following data, assume Grapefruit price increases by 12% and Genestat price decreases by 3% and all other prices in the index remain constant.
Given the following data, assume Grapefruit price increases by 12% and Genestat price decreases by 3% and all other prices in the index remain constant. What is the change in total market cap of the index?
Name 4N European Rapid Latest Price Shares out 170 422,000,000 Vigor Conditions 190 12,358,000,000 Genestat 400 5,350,000,000 Grapefruit 175 964,000,000 Breeze Air 45 11,053,000,000 Acumen 25 14,230,000,000 300 4,973,000,000 O (43,956,000,000) decrease O 84,444,000,000 increase O (21,978,000,000) decrease TUDU O 42,222,000,000 increase O No change; a change in price leaves marketcap unaffected
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