Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How do I work this one with Excel A benchmark index has three stocks priced at $ 2 3 , $ 4 3 , and

How do I work this one with Excel
A benchmark index has three stocks priced at $23,$43, and $56. The number of outstanding
shares for each is 350000 shares, 405000 shares, and 553000 shares, respectively. Suppose the
price of these three stocks changed to $23,$51, and $58 and number of outstanding shares did not
change, what is the price-weighted index return?
8.20%
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Money Banking And Financial Markets

Authors: Laurence Ball

1st Edition

0716759349, 9780716759348

More Books

Students also viewed these Finance questions

Question

Is there something else less expensive that would be just as good?

Answered: 1 week ago

Question

Understand human resource planning in an academic setting.

Answered: 1 week ago

Question

Analyze mentoring and career planning opportunities for academics.

Answered: 1 week ago