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Please answer the question correctly and full. Question-1 ADA Index is the value-weighted index comprising of 3 stocks: ABC stock, DEF stock and XYZ stock.
Please answer the question correctly and full.
Question-1 ADA Index is the value-weighted index comprising of 3 stocks: ABC stock, DEF stock and XYZ stock. Calculate the performance of index during 2006 by using the following data. - ABC ended 2005 at a price of $55 and had 1 million shares outstanding. DEF ended 2005 at a price of $65 and had 3 million shares outstanding. XYZ ended 2005 at a price of $32 and had 4 million shares outstanding. - ABC ended 2006 at a price of $29 (after a 2-for-1 split). DEF closed at $35 at the end of 2006 (after a 3-for-1 split). XYZ ended 2006 at a price of $29 Step by Step Solution
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