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QUESTION 7 A price-weighted index is constructed using the 4 stocks W, X, Y and Z. The stock prices and the number of shares outstanding

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QUESTION 7 A price-weighted index is constructed using the 4 stocks W, X, Y and Z. The stock prices and the number of shares outstanding are given for days 1, 2 and 3. Day 1 Day 1 Day 2 Day 2 Day 3 Day 3 Stock Price Shares Price Shares Price Shares W $95.50 10000 $50.50 20000 $52.50 20000 X $84.50 16000 $88.50 16000 $46.50 32000 V $15.50 20000 $17.50 20000 $18.00 20000 Z $48.50 12000 $51.50 12000 $52.00 12000 What is the price weighted index value on Day 3? (Round your answers to 3 decimal places in your calculations). 87.515 66.725 O 114.634 98.538 152.374

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