A portfolio consists of equal numbers of shares of three internet retail companies. The table below shows the monthly closing prices (in US dollars) for the three companies' shares over a period of one year. Month January February March April May June July August eGulf 66.72 67.92 63.91 63.53 62.32 66.00 64.61 68.55 September 71.02 October 75.42 November 67.95 December 63.60 Company Warrioress 287.30 263.45 258.44 276.79 263.78 240.30 229.73 229.04 208.20 206.95 212.54 224.87 DJ.com 132.96 124.45 119.47 120.78 120.18 126.19 134.52 126.99 139.69 147.09 144.44 133.03 Calculate the simple composite index for the September price of the portfolio using February as the base period. Round the result to 2 decimal places. (Do not type a percentage sign at the end of the index number.)
A portfolio consists of equal numbers of shares of three internet retail companies. The table below shows the monthly closing prices (in US dollars) for the three companies' shares over a period of one year. Month January February March April May June July August eGulf 66.72 67.92 63.91 63.53 62.32 66.00 64.61 68.55 September 71.02 October 75.42 November 67.95 December 63.60 Company Warrioress 287.30 263.45 258.44 276.79 263.78 240.30 229.73 229.04 208.20 206.95 212.54 224.87 DJ.com 132.96 124.45 119.47 120.78 120.18 126.19 134.52 126.99 139.69 147.09 144.44 133.03 Calculate the simple composite index for the September price of the portfolio using February as the base period. Round the result to 2 decimal places. (Do not type a percentage sign at the end of the index number.)
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
Problem 1PS
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Question
The correct answer is 91.90251.
How can I get to that number, what formulas and how should I use them?
Transcribed Image Text:A portfolio consists of equal numbers of shares of three internet retail companies. The table below
shows the monthly closing prices (in US dollars) for the three companies' shares over a period of one
year.
Month
January
February
March
April
May
June
July
August
e Gulf
66.72
67.92
63.91
63.53
62.32
66.00
64.61
68.55
September 71.02
October
75.42
November 67.95
December
63.60
Company
Warrioress
287.30
263.45
258.44
276.79
263.78
240.30
229.73
229.04
208.20
206.95
212.54
224.87
DJ.com
132.96
124.45
119.47
120.78
120.18
126.19
134.52
126.99
139.69
147.09
144.44
133.03
Calculate the simple composite index for the September price of the portfolio using February as the
base period. Round the result to 2 decimal places. (Do not type a percentage sign at the end of the
index number.)
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Explain this line more, please:
"=V1V0×100= 418.91×N455.82×N×100=91.90251"
N is unkown (as far as I know) and 418.91x455.82 isn't 91.90251
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