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A market cap weighted stock index has stocks AAC, BZF, and CHO in it. It is at a value of 200 on 2-Dec-2020. CHO is
A market cap weighted stock index has stocks AAC, BZF, and CHO in it. It is at a value of 200 on 2-Dec-2020. CHO is replaced after the end of trading on 2-Dec-2020 with DIY. What is value of the index on 3-Dec-2020? AAC BZF CHO Shares 2-Dec-20 3-Dec-20 4-Dec-20 Outstanding (in thousands) $150.00 $160.00 $164.00 500 $300.00 $250.00 $270.00 400 $20.00 $25.00 $17.00 25,000 $205.00 $216.00 $209.00 4,000 DIY 193.83 198,47 206.59 231.65
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