Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

If the market price of a given stock in the S&P 500 could change by 10% on a given day, assuming there are no stock

If the market price of a given stock in the S&P 500 could change by 10% on a given day, assuming there are no stock splits, percentage price change in which stock would have the greatest impact on the S&P 500 index?

a.

The one with the highest stock price

b.

The one with the lowest stock price

c.

The one with the smallest market capitalization

d.

The one with the largest market capitalization

e.

All 500 stocks will have the same impact

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions