Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Part 1 Part 2 A benchmark index has three stocks priced at $60,$65, and $70. The number of outstanding shares for each is 444,000 shares,
Part 1
Part 2
A benchmark index has three stocks priced at $60,$65, and $70. The number of outstanding shares for each is 444,000 shares, 555,000 shares, and 777,000 shares, respectively. Suppose the price of these three stocks changed to $40, $70, and $90, respectively and number of outstanding shares did not change, what is the equal-weighted index return? Please enter the answer as a percent with two decimal places for instance 55.55 for 55.55% A benchmark index has three stocks priced at $60,$65, and $70. The number of outstanding shares for each is 444,000 shares, 555,000 shares, and 777,000 shares, respectively. Suppose the price of these three stocks changed to $40, $70, and $90, respectively and number of outstanding shares did not change, what is the price-weighted index return? Please enter the answer as a percent with two decimal places for instance 55.55 for 55.55%
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