Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You want to form a valueweighted technology stock index using Apple, Google, and Microsoft. Apple's adjusted closing price for 2016 is $115.82 and for 2015

You want to form a valueweighted technology stock index using Apple, Google, and Microsoft. Apple's adjusted closing price for 2016 is $115.82 and for 2015 is $105.26; Google's adjusted closing price for 2016 is $771.82 and for 2015 is $758.88; Microsoft's adjusted closing price for 2016 is $62.14 and for 2015 is $55.48. The additional information that you gathered is their market values at the end of 2015 or beginning of 2016; in billions of dollars, Apples market value is $630.94 B, Googles market value is $561.64 B, and Microsofts market value is $487.83 B. What is the annual return for your valueweighted technology stock index for 2016?

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

The Routledge Handbook Of FinTech

Authors: K. Thomas Liaw

1st Edition

0367263599, 978-0367263591

More Books

Students also viewed these Finance questions

Question

2. Realize who your audience of readers will be.

Answered: 1 week ago

Question

b. Explain how you initially felt about the communication.

Answered: 1 week ago

Question

3. Identify the methods used within each of the three approaches.

Answered: 1 week ago

Question

a. When did your ancestors come to the United States?

Answered: 1 week ago