Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

XYZ corporation has issued 1 billion shares and is a component of the FTSE 1 0 0 index. Yesterday XYZ shares closed at 1 0

XYZ corporation has issued 1 billion shares and is a component of the FTSE100 index. Yesterday XYZ shares closed at 100p, and the total market capitalisation of the FTSE100 index was 126billion. Today XYZ prices closed at 102p. How much did this share price movement contribute to movement in the overall FTSE100 index?
a.0.0252%
b.2.0000%
c.0.0159%
d.0%
e.0.0200%
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Volatility Trading

Authors: Euan Sinclair

2nd Edition

1118347137, 9781118347133

More Books

Students also viewed these Finance questions

Question

Alcohol and drug use among student athletes

Answered: 1 week ago

Question

4 Name four appraisal methods.

Answered: 1 week ago

Question

8 What problems can occur with appraisal?

Answered: 1 week ago