Question
Stocks XX, YY, and ZZ, initially priced at $40, $65, and $83, respectively, comprise a price-weighted index with a base value of 100. One year
Stocks XX, YY, and ZZ, initially priced at $40, $65, and $83, respectively, comprise a price-weighted index with a base value of 100. One year later the stocks above were valued at $62, $69, and $95, respectively. What was the value of the index at the end of year one?
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The Economics of Public Issues
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
19th edition
134018974, 134018973, 9780134020532 , 978-0134018973
