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Question 2 Not yet answered Marked out of 1.00 Flag question Suppose Stocks A, B and C are the only three component stocks in
Question 2 Not yet answered Marked out of 1.00 Flag question Suppose Stocks A, B and C are the only three component stocks in a benchmark index. The number of shares outstanding of Stocks A, B and C are 352,000 shares, 306,000 shares, and 225,000 shares, respectively. The prices of Stocks A, B and C for Days 1, 2, 3 and 4 are given in the table below: Stock A Stock B Stock C Day 1 30.61 42.55 79.06 Day 2 32.54 45.77 76.48 Day 3 32.23 40.04 78.62 Day 4 34.05 43.59 79.14 If the benchmark price-weighted index was 1559.30 on Day 1, the benchmark price-weighted index on Day 3 would be (Note: Answer must be correct to 2 decimal places, but you may leave your answer with more than 2 decimal places.)
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