Question
This index consists of 3 stocks initially with stocks A, B, and C and the first day divisor is 3. After Day 1, stock C
This index consists of 3 stocks initially with stocks A, B, and C and the first day divisor is 3. After Day 1, stock C was replaced by stock D. Compute Day 2 Price Weighted Index.
| Stock | Day 1 Closing price | Day 2 Closing price |
| A | $120 | $125 |
| B | $60 | $62 |
| C | $80 | $82 |
| D | $100 | $96 |
Group of answer choices
86.6667
80.0000
87.5952
85.4334
81.4815
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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
