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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
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 value of the stocks Year 1: 4,587 million Year 2: 4,665 million Year 3: 5,026 million Year 4: 4,814 million Year 5: 5,363 million
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