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Problem 5-8 Reindexing (LO4, CFA2) You are given the following total market values for an index over a five-year period. Assuming the index starts at
Problem 5-8 Reindexing (LO4, CFA2) You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the index value each year. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Market values Index values Year 1: $4,387 million Year 2: $4,671 million Year 3: $5,032 million Year 4: $4,820 million Year 5: $5,369 million
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