Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You want to form a priceweighted technology stock index using Apple, Google, and Microsoft. Apples adjusted closing price for 2021 is $177.57 and for 2020

You want to form a priceweighted technology stock index using Apple, Google, and

Microsoft. Apples adjusted closing price for 2021 is $177.57 and for 2020 is $131.88;

Googles adjusted closing price for 2021 is $2,893.59 and for 2020 is $1,751.88; Microsofts

adjusted closing price for 2021 is $336.32 and for 2020 is $220.57. What is the annual return

for your priceweighted technology stock index for 2021? Enter your answer rounded to two

decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345

or 12.345% then enter as 12.35 in the answer box.

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_2

Step: 3

blur-text-image_3

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

Financial management theory and practice

Authors: Eugene F. Brigham and Michael C. Ehrhardt

12th Edition

978-0030243998, 30243998, 324422695, 978-0324422696

More Books

Students also viewed these Finance questions

Question

Which mid-week day (non-weekend day) has the best sales?

Answered: 1 week ago