Question
You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the index
You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the index value each year. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Market values Year 1: $5,514 million Year 2: $5,826 million Year 3: $5,654 million Year 4: $5,103 million Year 5: $5,215 million Index values
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
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