Question
Price/Share Shares Outstanding Stock X Y Z X Y Z 01-Aug $ 20.00 $ 30.00 $ 50.00 1000 2000 1000 02-Aug $ 35.00 $ 52.00
Price/Share Shares Outstanding Stock X Y Z X Y Z 01-Aug $ 20.00 $ 30.00 $ 50.00 1000 2000 1000 02-Aug $ 35.00 $ 52.00 $ 35.00 1000 2000 2000 03-Aug $ 40.00 $ 31.00 $ 35.00 1000 2000 2000 04-Aug $ 15.00 $ 35.00 $ 33.00 3000 2000 2000
*2:1 Split on Stock Z after Close on Augu. 01
**3:1 Split on Stock X after Close on Augu 03
The base date for index calculations is Augu 01
Refer to the exhibit above. Calculate a value weighted index for August 02th if the initial index value is 100.
Can you write it step by step please so I can learn it.
Many thanks in advance.
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