A benchmark index has three stocks priced at $60, $65, and $70. The number of outstanding shares for each is 444,000 shares, 555,000 shares, and 777,000 shares, respectively. Suppose the price of these three stocks changed to $40, $70, and $90, respectively and number of outstanding shares did not change, what is the equal-weighted index return?
A benchmark index has three stocks priced at $60, $65, and $70. The number of outstanding shares for each is 444,000 shares, 555,000 shares, and 777,000 shares, respectively. Suppose the price of these three stocks changed to $40, $70, and $90, respectively and number of outstanding shares did not change, what is the equal-weighted index return?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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H2.
A benchmark index has three stocks priced at $60, $65, and $70. The number of outstanding shares for each is 444,000 shares, 555,000 shares, and 777,000 shares, respectively. Suppose the price of these three stocks changed to $40, $70, and $90, respectively and number of outstanding shares did not change, what is the equal-weighted index return?
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