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You design a new market capitalization-weighted portfolio that is comprised of four stocks. The prices of the four stocks are $51.92, $489.95, $52.02, and
You design a new market capitalization-weighted portfolio that is comprised of four stocks. The prices of the four stocks are $51.92, $489.95, $52.02, and $244.40, respectively. Their market caps are $954.3 million, $724.7 million, $17.7 million, and $153.2 million, respectively. What is the value of the index, rounded to two decimals?
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Managerial Economics and Business Strategy
Authors: Michael Baye, Jeff Prince
9th edition
9781259896422, 1259290611, 1259896420, 978-1259290619
